CoinEx May 2026 Proof-of-Reserve Update Shows on-Chain Assets Exceed User Deposits
CoinEx released its monthly proof-of-reserve report on May 17, confirming that the exchange’s total on-chain asset holdings exceed user deposits across all tracked tokens. The update extends a transparency program the exchange has maintained through consecutive monthly disclosures.
CoinEx said the figures reflect a conservative financial approach and what it describes as a user-first operating philosophy.
CoinEx Proof-of-Reserve Report Details
The May report from CoinEx shows a positive reserve ratio across the assets it tracks, meaning on-chain balances held by the exchange exceed the corresponding user deposit liabilities for each token. CoinEx did not release the full numerical breakdown in the GlobeNewswire press release summary, but the exchange said the data is verifiable on-chain by any third party using its published reserve addresses.
Proof of reserve, a verification method in which an exchange publishes cryptographic evidence that its held assets cover customer balances, gained widespread adoption after the collapse of FTX in November 2022.
That event wiped out billions of dollars in customer funds and triggered calls for mandatory solvency disclosures across the industry. CoinEx adopted the monthly disclosure cadence as part of its post-FTX commitment to ongoing transparency rather than one-time audits.
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Background on CoinEx
CoinEx is a global cryptocurrency exchange founded in 2017.
It serves retail and institutional traders across more than 200 markets, including spot, futures, and margin products. The exchange operates independently of the major tier-one platforms and has built a user base across Asia, Europe, and Latin America.
Its monthly reserve disclosures are published on GlobeNewswire and distributed through its official communications channels.
The exchange faced scrutiny in September 2023 when a security breach resulted in losses of approximately $70 million. CoinEx said at the time that it covered all user losses from its own funds and continued operating without interruption.
The incident reinforced the company’s stated commitment to reserve transparency as a trust-building mechanism.
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What the Update Signals
Monthly proof-of-reserve reporting has become a differentiator for mid-tier exchanges competing against larger platforms on trust rather than liquidity alone. CoinEx’s consistent publication of these figures, even in months where market conditions are unfavorable, positions it alongside exchanges that treat transparency as an ongoing operational standard rather than a crisis-response tool.
The May 2026 update arrives as cryptocurrency markets remain under moderate pressure, with Bitcoin (BTC) holding near $78,000.
The broader market environment makes solvency signaling more relevant, as traders in risk-off conditions tend to consolidate holdings at exchanges they perceive as financially secure.
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