Latest news with #ProofOfReserves
Associated Press
20 hours ago
- Business
- Associated Press
HTX Maintains 100%+ Reserves for 34 Straight Months in Latest PoR Report
Panama City, Panama--(Newsfile Corp. - August 13, 2025) - HTX, a global leading crypto exchange, has released its latest monthly Merkle Tree Proof of Reserves (PoR) audit report dated August 1, 2025, confirming that the platform's overall reserve ratio remains at or above 100%. This marks the 34th consecutive month of public PoR disclosures, reinforcing HTX's commitment to transparency and robust asset management. As one of the first exchanges in the industry to adopt the Merkle Tree verification mechanism, HTX's August report shows reserve ratios of: BTC (101%), ETH (100%), TRX (105%), USDT (101%), HTX (102%), XRP (100%), DOGE (100%), and SOL (100%). Users can access the full monthly PoR reports at any time via the " Proof of Reserves " section on HTX's official website. In the face of market volatility and increasing regulatory scrutiny, HTX continues to provide on-chain, verifiable proof of its asset reserves each month-demonstrating its strong security posture and safeguarding user assets. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of 'Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,' HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit or HTX Square. For further inquiries, please contact [email protected]. Find us on Twitter: Facebook: Instagram: Reddit: Medium: Telegram: Discord： To view the source version of this press release, please visit
Globe and Mail
a day ago
- Business
- Globe and Mail
HTX Maintains 100%+ Reserves for 34 Straight Months in Latest PoR Report
Panama City, Panama--(Newsfile Corp. - August 13, 2025) - HTX, a global leading crypto exchange, has released its latest monthly Merkle Tree Proof of Reserves (PoR) audit report dated August 1, 2025, confirming that the platform's overall reserve ratio remains at or above 100%. This marks the 34th consecutive month of public PoR disclosures, reinforcing HTX's commitment to transparency and robust asset management. As one of the first exchanges in the industry to adopt the Merkle Tree verification mechanism, HTX's August report shows reserve ratios of: BTC (101%), ETH (100%), TRX (105%), USDT (101%), HTX (102%), XRP (100%), DOGE (100%), and SOL (100%). Users can access the full monthly PoR reports at any time via the " Proof of Reserves" section on HTX's official website. In the face of market volatility and increasing regulatory scrutiny, HTX continues to provide on-chain, verifiable proof of its asset reserves each month-demonstrating its strong security posture and safeguarding user assets. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance," HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. Find us on Twitter: Telegram: Discord：
Globe and Mail
16-07-2025
- Business
- Globe and Mail
BTCC Exchange Reports 132% Total Reserve Ratio with Ethereum Leading at 170% in July 2025
A Media Snippet accompanying this announcement is available by clicking on this link. VILNIUS, Lithuania, July 16, 2025 (GLOBE NEWSWIRE) -- BTCC, the world's longest-serving cryptocurrency exchange since 2011, has released its July 2025 Proof of Reserves (PoR) report, demonstrating a total reserve ratio of 132%. This marks the fourth consecutive month of maintaining reserves well above 100% since launching monthly PoR reporting in April 2025. The comprehensive report reveals strong asset backing across all major cryptocurrencies, with Ethereum showing the highest reserve ratio: Bitcoin (BTC): 120% Ethereum (ETH): 170% XRP: 145% Tether (USDT): 143% USD Coin (USDC): 110% Cardano (ADA): 120% These ratios demonstrate BTCC's commitment to maintaining sufficient reserves to fully back all user deposits, with Ethereum's 170% ratio highlighting particularly strong backing for the second-largest cryptocurrency by market capitalization. "July has been a remarkable month for the cryptocurrency market," said Alex Hung, Head of Operations at BTCC Exchange. "Rising geopolitical tensions and new US tariff policies have driven increased safe-haven demand, with Bitcoin breaking through the historic $120,000 milestone for the first time. Throughout this period of market volatility, BTCC has maintained its strong financial position while continuing to grow both our asset base and user community." Since launching monthly PoR reporting in April, BTCC has consistently maintained reserves above 100%, with ratios of 161% in April, 152% in May, and 135% in June. BTCC's Proof of Reserves system utilizes Merkle tree technology to provide cryptographic verification of platform reserves and user asset proof reports. This enables users to independently verify their assets and ensures complete transparency. As cryptocurrency markets continue to evolve, BTCC remains focused on providing a secure, reliable, and trustworthy trading environment for its global user base. The consistent maintenance of reserves above 100% demonstrates BTCC's unwavering commitment to user fund security and financial transparency. To view the complete July 2025 Proof of Reserves report and verify individual assets, please visit BTCC's website. About BTCC Exchange Founded in 2011, BTCC is one of the world's longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.
Yahoo
15-07-2025
- Business
- Yahoo
Bitwise Adds Proof of Reserves for Bitcoin, Ether ETFs
Crypto asset manager Bitwise said it is improving transparency for its spot bitcoin (BTC) and ether (ETH) exchange-traded funds, rolling out third-party proof-of-reserves verifications through U.S. accounting company The Network Firm. The process, which is already live, replaces Bitwise's prior practice of publicly listing nearly 90 wallet addresses on its websites. Instead, The Network Firm will confirm on-chain holdings daily for the Bitwise Bitcoin ETF (BITB) and Bitwise Ethereum ETF (ETHW), reconciling balances with the number of fund shares outstanding, Bitwise said in a post on X. In the coming weeks, the firm said, it plans to add a second layer of transparency. That layer will bring in daily CPA-attested reports verifying not just asset balances but also fund liabilities. 'Together, these features deliver a more comprehensive and easily readable approach to transparency,' the company wrote. The added layer is meant to assure investors that fund holdings match obligations. Proof-of-reserve audits have been a growing trend in the cryptocurrency industry, taking off after the collapse of FTX in November 2022. That collapse occurred after a leaked balance sheet triggered a bank run on the exchange, revealing it did not have customers' assets on hand to meet its obligations. Since then, platforms' reserves have been a major concern for investors. Bitwise's bitcoin exchange-traded fund currently has $4.9 billion in net assets, far below the market leader, BlackRock's iShares Bitcoin Trust (IBIT), which holds $85.9 billion, according to SoSoValue data. Similarly, its ether ETF holds $358 million in net assets, below the sector's leader's $6.28 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
13-05-2025
- Business
- Globe and Mail
BTCC Exchange Announces Proof of Reserves in April 2025, Demonstrating Powerful 161% Asset Backing for Security
VILNIUS, Lithuania, May 13, 2025 (GLOBE NEWSWIRE) -- BTCC, the world's longest-serving cryptocurrency exchange, has recently released its Proof of Reserves (PoR) report for April 2025, demonstrating a robust 161% total reserve ratio. This step marks a significant advancement in BTCC's commitment to transparency and security of user funds. The PoR report dated April 15, 2025 reveals that BTCC maintains reserves well above the 100% threshold across all major cryptocurrencies: Bitcoin (BTC): 165% Ethereum (ETH): 160% Ripple (XRP): 135% Tether (USDT): 162% USD Coin (USDC): 142% Cardano (ADA): 166% "The release of our Proof of Reserves report is a natural extension of BTCC's foundational principles to being transparent," said Alex, Head of Operations at BTCC Exchange. "We're committed to increasing transparency around user assets and reinforcing our vision of making cryptocurrency trading reliable and accessible to everyone.' A reserve ratio exceeding 100% means users' assets are not only fully backed 1:1, but over-collateralized—the exchange holds more assets in custody than all users collectively own. Proof of Reserves is an audit procedure that verifies the assets held by exchanges to ensure a minimum 1:1 backing of all user funds. BTCC employs the widely recognized Merkle Tree cryptographic tool for its proof of reserves, and users can verify that their assets are securely backed in the exchange's reserves with the latest Merkle root hash available on the BTCC website. This release highlights BTCC's unwavering commitment to industry transparency and accountability. The exchange will publish PoR report monthly to provide users with continuous verification of their asset security. This regular reporting establishes a new standard of openness for the exchange and demonstrates BTCC's dedication to building lasting trust with its user community. BTCC has maintained an impeccable security record since its founding in 2011, operating for 14 years without a single security breach. As the exchange prepares to celebrate its 14th anniversary this year, this PoR release further solidifies its reputation as a trusted platform in secure cryptocurrency trading. About BTCC Founded in 2011, BTCC is one of the world's longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.
