Pionex publishes September reserve ratios, confirming assets exceed user balances

Pionex publishes September reserve ratios, confirming assets exceed user balances
Pionex releases September reserves update

Pionex published its September Proof of Reserves update, reporting reserve ratios of 142% for bitcoin:native, 135% for ETH, and 140% for USD, with all reserve levels exceeding total user balances.

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Pionex released its Proof of Reserves update for September, reporting reserve ratios of 142% for bitcoin:native, 135% for ETH, and 140% for USD. According to the announcement, each reported ratio remains above 100%, indicating that the broker’s assets exceed total user balances for these listed currencies. No additional details about the specific methodologies or a breakdown of reserves were disclosed in the post.

Pionex is a Singapore-based cryptocurrency exchange operating under a US FinCEN license, known for offering both manual and automated crypto trading with leverage. Users can trade over 300 crypto pairs and have access to liquidity from major exchanges, as well as a selection of 16 built-in trading bots without additional fees. For more details, visit the Pionex broker profile on Traders Union.

For background, the previous Pionex update highlighted the introduction of 24/7 trading for selected tokenized US stocks such as TSLA, NVDA, and GOOGL, along with important notes on asset availability and trading mechanisms. For more details, see the previous Pionex update on Traders Union.

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