MEXC Lists Bitcoin Reserve Coverage at 294% in October Update
Photo: TokenPost
MEXC's October proof-of-reserves disclosure puts Bitcoin (BTC) coverage at 294%, the highest of four listed assets, but leaves the balance snapshot date unspecified, limiting a direct comparison with September's figures. The report lists Tether (USDT) at 122%, USD Coin (USDC) at 115% and Ether (ETH) at 111%. All four ratios exceed 100%. Compared with the September report, BTC's ratio was down three percentage points, USDT's was up three points, USDC's was up four points and ETH's was unchanged. The September figures used a Sept. 10 snapshot. The Oct.
Source: TokenPost
