As one of the earliest trading platforms in the industry to implement reserve certificates, according to statistics, Huobi HTX has regularly conducted Merkel tree reserve audits 18 times and announced them to the public to ensure that users can safely deposit and withdraw assets anytime, anywhere.

Huobi HTX has updated the Merkel tree asset certificate in April 2024, and the reserve ratio remains above 100%

According to the Huobi HTX page, Huobi HTX has been updated on April 1 at 00:00:00 (UTC+ 8) AprilMerkel tree reserve certificate. Users can view the audit report from the Huobi HTX official website - Asset Audit Page. Huobi HTX will create a digital asset trading environment with better security and privacy for users. The specific reserve ratio and Huobi wallet assets for this update are as follows:

*Screenshots from Huobi HTX official asset page

• USDT 101% (Huobi Asset 672, 272, 311)

• BTC 100% (Huobi Asset 26, 240)

• ETH 102% (Huobi Asset 108, 754)

• HTX 103% (Huobi Asset 359, 756, 115, 685, 541)

• TRX 103% (Huobi Asset 9, 750, 131, 703)

The USDT and ETH data already include stUSDT, USDT-T-Bills assets, BETH, and stETH.

According to the latest audit results on April 1, 2024, the current asset reserve ratio of the Huobi HTX platform exceeds 100%. In the future, Huobi HTX will continue to announce monthly asset reserve certification results to the public on time. While proving the solvency of the trading platform, it will also pay more attention to user privacy and information security.

Using more stringent financial standards, Huobi HTX fully protects the security of user assets.

Proof of Reserves, or PoR for short, is a consensus mechanism like Proof of Work. Under this mechanism, a PoR is performed by the user or a third party to verify that the asset actually exists. Therefore, PoR can provide detailed data on the location of a customer’s assets and can also indicate to the customer that their assets are still in their account and have not been loaned out.

According to official news, from the end of 2022 to the present, Huobi HTX has regularly updated the latest Merkle tree asset certification data on the 1st of every month to ensure that users can safely deposit and withdraw assets anytime, anywhere.

As the worlds leading cryptocurrency exchange, Huobi HTX regards the security of user assets as its lifeline. Among the published Merkel Tree asset reserve certificates, Huobi HTX’s reserve ratio remains above 100%. In addition to the reserve ratio announced every month exceeding 100%, Huobi HTX is also a trading platform that simultaneously implements open source verification of Merkel trees, open source verification of wallet address ownership, and open source verification of assets on the chain. Huobi HTX will use more stringent financial standards in 2024 to protect the security of user assets for a long time.