Cryptocurrency exchange MEXC has partnered with blockchain security firm Hacken to implement monthly Proof of Reserves (PoR) audits, a move aimed at bolstering user trust and platform integrity. Hacken will independently verify these audits, ensuring transparency in the asset backing of MEXC’s trading platform.
Why This Matters for Users
As concerns around centralized exchange transparency have risen due to recent high-profile failures, MEXC’s commitment to regular third-party audits provides a clear signal of operational openness and responsibility. The PoR mechanism, where exchanges publicly demonstrate their asset backing by aligning user deposits with real-time wallet balances, is now further fortified by Hacken’s independent verification, creating greater trust for both retail and institutional users.