BTCC Posts Strong Reserve Backing in September Report, Maintains 143% Collateralization Across Major Assets

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BTCC, the world’s longest-operating cryptocurrency exchange, has released its September Proof of Reserves (PoR) report, revealing a total reserve ratio of 143% as of September 15. The report affirms that all major digital assets on the platform remain overcollateralized, reinforcing BTCC’s ongoing emphasis on transparency and user fund protection.

The report includes updated figures for leading cryptocurrencies, showing that Bitcoin is backed at 111%, Ethereum at 152%, XRP at 166%, and stablecoins such as Tether (USDT) and USD Coin (USDC) at 156% and 121% respectively. Cardano (ADA) also showed a reserve ratio of 153%.

Alex Hung, Head of Operations at BTCC, commented on the figures, stating: “Since Q3 began, the crypto market has remained consistently active, and BTCC continues to maintain a platform-wide reserve ratio above 140%. Maintaining high reserves is essential to withstand volatility and maintain solid trust during uncertain times. The latest September PoR...

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