BTCC, a leading cryptocurrency exchange, reported a total reserve ratio of 132% for July, continuing its streak of maintaining reserves well above 100% for the fourth consecutive month. This ratio, which compares the amount of customer funds held in reserve to the amount deposited, is a critical indicator of an exchange's ability to meet customer withdrawals. A ratio above 100% signifies that the exchange holds more in reserves than the total deposits, ensuring a buffer against potential financial stress.
The exchange's commitment to transparency is evident through its regular release of Proof of Reserves (PoR) reports since April. These reports, which include cryptographic proof and public wallet ownership checks, verify that the platform's reserves exceed the total assets of all users. This practice is particularly significant in light of past failures of other exchanges, such as FTX and BlockFi, which resulted in substantial losses for customers.
Ethereum led the reserve ratios at BTCC with an impressive 170%, followed by XRP at 145%, Tether at 143%, Bitcoin at 120%, Cardano at 120%, and USD Coin at 110%. These figures highlight BTCC's robust financial health across a diverse range of cryptocurrencies.
Alex Hung, head of operations at BTCC, attributed the exchange's strong performance to the increasing demand for safe-haven assets amid rising geopolitical tensions and new US tariff policies. Despite market volatility, BTCC has not only maintained its financial stability but also expanded its asset base and user community.
Founded in 2011, BTCC has established itself as a reliable player in the cryptocurrency market, offering futures and spot trading on over 300 currencies. Its adherence to industry-leading security standards has resulted in zero security incidents over its 14-year history, further cementing its reputation as a trustworthy exchange.
With over 9.1 million registered users and a futures trading volume of $850 billion in the second quarter, BTCC's consistent reserve ratios and commitment to transparency and security demonstrate why it remains one of the longest-serving cryptocurrency exchanges in the world.
