The old, weathered giant that is BTCC, the longest-standing cryptocurrency exchange in the world, has released its September Proof of Reserves (PoR) report, and folks, they’re packing some serious collateral. We’re talking a reserve ratio of 143% as of September 15. That’s right, the reserves are so thick that even the harshest crypto storm would struggle to break through. And don’t worry-those digital assets? They’re all well-backed. No empty promises here-just transparency and a big ol’ guarantee that your funds are safe. Now that’s a sweet relief, huh?
The numbers are in, and they don’t disappoint: Bitcoin’s holding strong at 111%, Ethereum strutting its stuff at 152%, XRP sitting pretty at 166%, and stablecoins like Tether (USDT) and USD Coin (USDC)? Well, they’re coming in hot at 156% and 121%, respectively. And Cardano? Yeah, it’s not just chilling-it’s at 153%. BTCC is basically saying, “We’ve got this. Relax, you’re covered.” Who knew crypto could sound so… reassuring?
Alex Hung, the man behind BTCC’s operations, threw in his two cents, saying: “Since Q3 kicked off, the crypto market’s been as lively as a flea market on discount day, and we’ve kept our reserve ratio well above 140%. It’s vital to have those reserves high, especially when the market’s trying to give you whiplash. The September PoR report? It’s just another testament to our unwavering commitment to your funds and your faith in us.” Talk about being the parent who keeps all the chaos at bay while handing you your lunch money with a reassuring smile.
Hold onto your hats, because this isn’t BTCC’s first rodeo. This marks the fifth consecutive PoR update they’ve released since jumping on the transparency train earlier this year. Past updates have been equally impressive, with reserve ratios of 141% in August, 132% in July, 135% in June, and 152% in May. Consistency is key, and BTCC’s got it down like a bad habit.
But wait, there’s more! BTCC isn’t just sitting around basking in reserve glory. They’ve got over 10 million registered users across the globe and are serving up over 350 spot trading pairs and more than 380 futures contracts. Between September 1 and 15 alone, they processed a jaw-dropping $41 billion in spot volume and $315 billion in futures trading volume. It’s like they’re printing money-except they’re not, because that would be illegal.
And if you thought they were done, guess again. BTCC is heading to TOKEN2049 Singapore, one of Asia’s hottest crypto events. They’ll be showcasing their partnership with none other than NBA All-Star and Defensive Player of the Year Jaren Jackson Jr. (JJJ). I mean, what does basketball have to do with crypto? Apparently, everything. They’re bridging the gap between digital finance and pop culture-one slam dunk at a time.
But the fun doesn’t stop there! After the main event, BTCC’s throwing a poolside networking bash on October 3. It’s not all suits and ties-expect music, chill conversations, and an informal setting to mingle with crypto partners, community members, and industry pros. And hey, Tencent Cloud, AWS, Megazone, PANews, and TechFlow are all backing it. If you’re into that kind of thing, sounds like a good time to make some new connections-and maybe get a few insider tips on what’s next in crypto.
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2025-09-18 17:40