Phemex Exceeds Industry Benchmark with Record Reserve Ratios
Phemex, a user-first crypto exchange, has released its latest Proof-of-Reserves (PoR) report for September 2026. The report demonstrates Phemex' commitment to financial transparency and systemic resilience.
The data reveals that Phemex continues to maintain reserve ratios significantly exceeding the industry benchmark of 100%. Specifically, Phemex reported a 104% reserve ratio for Bitcoin (BTC) and a 121.50% ratio for Ethereum (ETH).
Most notably, the report highlights massive over-collateralization in high-velocity assets, with SUI at 196.04%, AVAX at 167.66%, and XRP at 153.55%. This represents an institutional-grade safety margin, ensuring that every user's asset is backed 1:1 and supported by a significant capital buffer.
According to Federico Variola, CEO of Phemex, 'At Phemex, we view Proof-of-Reserves not as a periodic checkbox, but as the foundational operating layer of our AI-native evolution.'