MEXC
Best for independently audited monthly reserves
How it rates
- Monthly reserve reports audited by an external security firm
- Reserve ratios far above parity across major assets
- Merkle verification available to individual customers
- Regulatory authorisations not established from public sources at this check
- Public pages block automated verification
- Trust score below the leading band
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Not metAuthorisation from a recognised financial regulator, evidenced publicly
Not established from public sources at this check.
blog.mexc.com/press-release/mexc-releases-june-2026-proof-of-reserves/ - MetProof of reserves with per-account verification
Merkle verification documented for individual accounts.
blog.mexc.com/crypto-knowledge/proof-of-reserve-explained-how-mexc-ensur - MetMost recent reserve publication within 12 months
July 2026 round published.
www.coingabbar.com/en/crypto-press-release/mexc-july-2026-proof-of-reser - MetReserve method documented publicly
Merkle method explained by the company.
blog.mexc.com/crypto-knowledge/proof-of-reserve-explained-how-mexc-ensur - MetNo unremediated custody-loss incident on the public record (24 months)
None identified at this check.
www.prnewswire.com/news-releases/mexc-confirms-strong-asset-backing-in-h
- Met
- Partial
- Partial
- Not met
- Partial
- MetListed with an independent trust score
CoinGecko exchange dataset, trust score 9.
api.coingecko.com/api/v3/exchanges - Not met
- Not met
- Met
- Met
- Not met
- Not met
- MetReserve disclosure on own domain
Reserve reports published on the company's own site.
www.mexc.com/news/1146958 - MetIndependently corroborated reserve reporting
External audit reported.
www.prnewswire.com/news-releases/mexc-confirms-strong-asset-backing-in-h - PartialEnforcement or incident history on the public record
None identified at this check; absence is not proof.
www.mexc.com/news/1146958
- PartialHelp centre reachable without an account
Published at a documented URL; automated retrieval blocked at this check.
www.mexc.com/support - Met
- MetPublic API documentation
Reachable without an account at this check (HTTP 2xx).
mexcdevelop.github.io/apidocs/spot_v3_en/ - PartialPublic fee documentation
Published at a documented URL; automated retrieval blocked at this check.
www.mexc.com/fee - PartialPublic legal and terms documentation
Published at a documented URL; automated retrieval blocked at this check.
www.mexc.com/support
MEXC publishes monthly proof of reserves audited by an external security firm, with a July 2026 Bitcoin reserve ratio of 281% and every major asset above parity. We could not establish its regulatory authorisations from public sources at this check, and its public pages block automated verification.
Our assessment
MEXC publishes monthly proof of reserves audited by an external blockchain security firm, with a July 2026 Bitcoin reserve ratio of 281% and every major asset above parity. What we could not establish from public sources is its regulatory position — and its public pages block automated verification.
Reserve ratios well above parity
The July 2026 round reported 281% for Bitcoin, 119% for USDT and 115% for USDC. Ratios above 100% mean holdings exceed customer balances rather than merely matching them. Verification is per-account through Merkle proofs, and the audits are performed by an external firm rather than in-house, which is the distinction that makes the figures worth anything.
The gap the rubric records
We found no authorisations we could point to from public sources at this check. That scores as a fail, not as an assertion that none exist — our rubric credits what a reader can reach, and a licence that cannot be found from the public record cannot inform anyone's decision. For a custodial venue this is 35% of the score, and it is the single largest reason MEXC sits mid-table despite strong reserve reporting.
Access friction
Fee page, help centre and terms all returned automated-access blocks. As with other venues in this position, our rubric records partial rather than fail — but the practical effect is that a prospective user cannot compare MEXC's costs against the rest of this table without opening an account.
Who it suits
MEXC fits traders who prioritise very wide token listings and reserve buffers, and who are comfortable that the regulatory picture is not established from public sources. Readers who need a supervised counterparty should choose from the MiCA-authorised venues in this table.
How rivals compare
Frequently asked
Does MEXC publish proof of reserves?
Yes — monthly, audited by an external security firm, with Merkle verification available per account. The July 2026 round reported a 281% Bitcoin reserve ratio.
Is MEXC regulated?
We could not establish authorisations from public sources at this check. That is recorded as unproven rather than as a statement that none exist.
Why is MEXC's score lower than its reserve ratios suggest?
Reserves are only one pillar. Licensing could not be evidenced and several documentation checks were blocked, both of which weigh on the total.