Phemex to Release Merkle-tree Proof-of-Reserves

Author: Alan W. Date: November 9, 2022

Dear Crypto Community,

The safety and availability of user funds should always be of utmost importance for any crypto platform. That’s why Phemex has always kept 100% of user funds in safe reserves. In keeping with the blockchain ethos of transparency, we will be publishing Merkle-tree Proof-of-Reserves within 30 days to further strengthen user confidence in our platform and in the wider crypto industry. We will work carefully to ensure that all information and data we provide to users are completely accurate.

Phemex Team