Phemex Sets New Standard for Crypto Exchange Security

Phemex's commitment to transparency and security sets it apart from other exchanges in the industry. The company publishes Merkle tree Proof of Reserves every month, providing a clear picture of its reserves and liabilities. This proof is not just a claim, but a cryptographic verification that can be checked by users.

The April 2026 report shows an impressive 131% overcollateralization ratio across all major assets. This means that Phemex holds more than one-and-a-half times the amount of assets it owes to its users. This buffer against market volatility and operational risk is a key feature of Phemex's security model.