Aside from updating Asset Reserve Ratio, CoinEx is actively constructing its security system, and upholds the “User First” principle.
, a leading crypto exchange, announced the update of its Asset Reserve Ratio on 24th June 2024 15:00 . This advancement underlines CoinEx’s commitment to enhancing transparency, security, and trust within the cryptocurrency community.
Through the deployment of the Merkle Tree structure, this procedure allows every user to verify their assets whether included in the Merkle Tree, to authenticate the data’s validity for secure verification of asset reserves. The latest data published by CoinEx shows it holds a 1:1 reserve ratio. CET reached 113.31%, while the reserve ratios for mainstream assets such as USDT, USDC, BTC, and ETH exceeded 100%.
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