CoinEx Updates Asset Reserve Ratio to Enhance Platform Transparency and Safeguard User Assets

Global cryptocurrency exchange platform CoinEx has updated its asset reserve ratio on June 24, 2024 at 15:00 (UTC+8), fulfilling its commitment to enhance transparency, security, and trust in the cryptocurrency community. CoinEx utilizes Merkle Tree as a data structure to encrypt user assets, allowing each user to verify whether their assets are included in the Merkle Tree to ensure the validity and security of the asset reserve data. According to the latest data released by CoinEx, the reserve ratio is 1:1, with an asset reserve ratio of 113.31% for CET, and reserve ratios exceeding 100% for key assets such as USDT, USDC, BTC, and ETH. This means that for every $1 USD asset deposited, CoinEx reserves at least an additional $1 USD to ensure the platform has sufficient funds to meet user withdrawal demands. Currently, CoinEx has reserves for CET, USDT, USDC, BTC, ETH, and DOGE. CoinEx prioritizes the security of user assets and has maintained a 100% reserve ratio for seven consecutive years since 2017. This update reflects CoinEx’s commitment to ensuring the security of user funds and maintaining a healthy investment environment. For more information about the updated asset reserve ratio and Merkle Tree, please visit the information page.