coinex

On February 25, 2025, the cryptocurrency exchange #CoinEx published an updated report on asset reserves, confirming its commitment to the principles of transparency and security. This move is yet another proof that the platform, operating since 2017, maintains 100% reserves of user funds. The report, prepared using a Merkle tree structure, allows clients to independently verify the existence of their assets, providing a high level of trust. According to the data, a snapshot of the reserves was taken on February 25 at 12:00 UTC+3. CoinEx reported that the reserve ratio for key assets such as USDT, USDC, Bitcoin, and Ethereum exceeds 100%. For instance, the figure for CET (the exchange's native token) reached 118.27%, indicating surplus reserves. This guarantees that the platform is capable of fulfilling any withdrawal requests, even in crisis situations. The CoinEx team emphasized that the updated reporting is part of a strategy to enhance security and risk management. The use of the Merkle tree allows users to verify the accuracy of the data, which is a rarity among cryptocurrency exchanges. This approach not only strengthens CoinEx's reputation but also sets a high standard in the industry. Experts believe that such initiatives can positively impact trust in the crypto market, especially in times of instability. CoinEx urged users to review the report through official channels and ensure the security of their assets. This event marks another step towards creating a reliable trading environment for the global community.