Pionex releases June Proof of Reserve update with strong asset coverage

Pionex releases June Proof of Reserve update with strong asset coverage
Pionex publishes June reserve update

Pionex released its June Proof of Reserve update, reporting reserve ratios of 142% for BTC, 135% for ETH, and 140% for USD, indicating reserves exceed user asset obligations.

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Pionex published its June Proof of Reserve update, indicating reserve coverage ratios of 142% for Bitcoin (BTC), 135% for Ethereum (ETH), and 140% for USD. According to the information provided, these figures signify that Pionex's reserves for the mentioned assets surpass their total obligations to users.

No additional specifics about the audit process or the methodology behind these calculations were disclosed in the announcement.

Pionex is a cryptocurrency exchange established in Singapore in 2019, operating under a Money Services Business (MSB) license from FinCEN. The platform offers manual and automated trading of more than 300 cryptocurrency pairs, supports margin trading, and provides access to 16 types of built-in trading bots without extra fees. Read the full review on the broker profile on Traders Union.

For more context, our earlier news about Pionex highlighted the launch of QNTX (Quantinuum) USDT-margined perpetual futures, offering users synthetic pre-IPO exposure with up to 25x leverage. You can read the details in the previous Pionex update on Traders Union.

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