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Pionex released its August Proof of Reserves update, reporting reserve ratios of 142% for BTC, 135% for ETH, and 140% for USD, all remaining above 100%.
Pionex has published its Proof of Reserves update for August, reporting that its reserve ratios for Bitcoin (BTC), Ethereum (ETH), and USD are 142%, 135%, and 140% respectively. According to the broker, these figures indicate that their reported reserves remain above total user balances for each asset. No additional details were disclosed regarding the methodology or scope of the proof of reserves process.
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Pionex is a cryptocurrency exchange established in Singapore in 2019, operating with an MSB license from FinCEN. The platform offers both manual and automated cryptocurrency trading, access to over 300 trading pairs, built-in trading bots, and margin trading options. For more details about its features and regulator information, visit the broker profile on Traders Union.
In our earlier news about Pionex, we covered the launch of Pionex.AI (Beta), an innovative feature that enables users to interact with AI agents for strategic analysis and data retrieval support. For more details, see the previous Pionex update on Traders Union.