BTCC, the world’s longest-operating cryptocurrency exchange, has released its September Proof of Reserves (PoR) report, revealing a total reserve ratio of 143% as of September 15. The report affirms that all major digital assets on the platform remain overcollateralized, reinforcing BTCC’s ongoing emphasis on transparency and user fund protection. The report includes updated figures for leading cryptocurrencies, showing that Bitcoin is backed at 111%, Ethereum at 152%, XRP at 166%, and stablecoins such as Tether (USDT) and USD Coin (USDC) at 156% and 121% respectively. Cardano (ADA) also showed a reserve ratio of 153%. Alex Hung, Head of Operations at BTCC, commented on the figures, stating: “Since Q3 began, the crypto market has remained consistently active, and BTCC continues to maintain a platform-wide reserve ratio above 140%. Maintaining high reserves is essential to withstand volatility and maintain solid trust during uncertain times. The latest September PoR report reflects our commitment to long-term user protection and asset transparency.” This marks the fifth consecutive monthly PoR update from BTCC since it began publishing reserve data earlier this year. Prior reports also reflected strong coverage, with reserve ratios standing at 141% in August, 132% in July, 135% in June, and 152% in May. Alongside the PoR update, BTCC shared new operational metrics. The platform now serves over 10 million registered users globally, offering more than 350 spot trading pairs and over 380 futures contracts. Between September 1 and 15, BTCC processed $41 billion in spot volume and $315 billion in futures trading volume. BTCC is also set to appear at TOKEN2049 Singapore, one of Asia’s leading crypto industry conferences. During the event, the exchange will showcase its ongoing collaboration with NBA All-Star and Defensive Player of the Year Jaren Jackson Jr. (JJJ), part of an initiative to connect digital finance with broader cultural touchpoints such as sports and entertainment. Following the main conference, BTCC will host a poolside networking event on October 3, bringing together partners, community members, and industry professionals. The gathering is supported by Tencent Cloud, AWS, Megazone, PANews, and TechFlow, and will feature music, informal discussions, and opportunities to connect in a more relaxed setting. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BNB slides to $900 as traders look to havens
