VICTORIA, Seychelles, April 23, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has significantly bolstered its reserve holdings, reporting an increase of approximately $389 million in total asset value over the past two months (as of April 21, 2025). The latest audit of MEXC’s Proof of Reserves confirms that all major cryptocurrencies are backed by reserves exceeding 100%, underscoring the exchange’s strong liquidity position and commitment to financial transparency.

Reserve Ratio Update Reflects Strong Growth

As of April 2025, MEXC’s reserve ratios continue to demonstrate solid coverage across all major cryptocurrencies:

The updated reserve ratios highlight consistent over-collateralization, reinforcing user confidence in the platform’s ability to meet withdrawal demands at any time.

Substantial Asset Growth Over Two Months

A comparison between February and April 2025 reveals a notable surge in MEXC’s asset holdings, with total on-chain reserves increasing by approximately $389.1 million:

The sharp rise signals robust capital inflows during this two-month period.

Strong Capital Inflow Signals Growing Market Confidence

The substantial increase in our reserves over the past two months reflects growing confidence in MEXC’s platform during recent market conditions,” said Tracy Jin, COO of MEXC. “With nearly $390 million in added value to our reserves, we’re not just maintaining our commitment to user security — we’re strengthening it.”

The latest data shows notable growth in Bitcoin and Ethereum holdings, with reserves increasing by 1,649.72 BTC and 21,264.46 ETH, respectively. At current market prices, these additions represent over $179 million in combined value, underscoring rising user activity and capital inflow.

Commitment to Transparency and Security

MEXC continues to conduct bi-monthly Proof of Reserve audits as part of its broader commitment to transparency and user trust. These regular reports allow users to independently verify that their assets are fully backed on-chain, with the latest audit confirming near-zero discrepancies between public blockchain data and platform records.

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“Transparency isn’t just a policy at MEXC — it’s a fundamental principle guiding our operations,” added Tracy Jin. “By publishing these comprehensive reserve reports every two months, we ensure our users have full visibility into the security of their assets.

Multi-layered Security Framework

MEXC safeguards user assets through a comprehensive security architecture that includes:

1. 100%+ Reserve Backing: All user assets are fully backed with reserves exceeding total deposits
2. Insurance Fund: Provides protection against extreme market volatility
3. Regular Audits: Bi-monthly verification ensures continued compliance and transparency
4. Cold Wallet Storage: The majority of user funds are held in offline, secure cold wallets to prevent unauthorized access

The Go-To Platform for Seamless Crypto Trading

In addition to implementing robust safety measures to ensure a secure trading environment, the platform offers a variety of features and services designed to enhance the user experience. These features help traders minimize costs and maximize returns. MEXC is committed to empowering traders by enabling investments across the widest range of assets, ensuring safe and seamless transactions regardless of market conditions.

• M – Most Trending Tokens: MEXC is known for its rapid token listings and diverse selection of popular tokens, helping users capitalize on emerging opportunities. To date, over 3,000 tokens have been listed on the platform.
• E – Everyday Airdrops: MEXC makes it easy for users to engage in daily airdrop events and receive substantial rewards without complex procedures. In 2024, the platform completed 2,293 airdrop events, distributing over $136 million in rewards.
• X – Xtremely Low Fees: MEXC offers highly competitive trading fees, helping users reduce costs and maximize their growth potential.
• C – Comprehensive Liquidity: Backed by strong liquidity and market depth, MEXC ensures the efficient and seamless execution of every transaction, minimizing slippage even during volatile conditions.

These features have helped MEXC attract over 36 million users, establishing it as the platform of choice for an increasing number of traders around the world.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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JAKARTA, Indonesia, April 23, 2025 /PRNewswire/ — Vantage Markets, in collaboration with its charitable arm, Vantage Foundation through the #TradeforHope initiative, has successfully supported Grab Indonesia’s Women Driver Program – Wiramudi Grab program. This initiative empowered over 3,400 women across multiple cities in Indonesia, create economic opportunities in the ride-hailing industry by providing startup capital, essential equipment, and financial incentives to help them establish a sustainable source of income.

The program, which ran from November 2024 to January 2025, achieved remarkable results. It onboarded 1,400 new female drivers and reactivated 2,000 dormant drivers in Jakarta, Bali, Medan, Bandung, Makassar, Semarang, and Yogyakarta. Participants received free driver kits, including jackets and helmets, as well as reactivation incentives to encourage continued participation in the workforce.

The initiative had a tangible economic impact, with participating drivers experiencing a 13% increase in trips compared to those who did not receive support. Beyond financial assistance, the program provided participants with a renewed sense of confidence, independence, and community support.

For Purwati, the program was more than just an opportunity to earn an income—it also helped her build confidence in a new career path: “Joining as a lady Grab driver has been incredibly helpful in earning my own income and gaining new knowledge. Plus, I’ve received great benefits like jackets, helmets, and even cosmetics! These small gestures mean a lot. Thank you so much for the support!”

The Wiramudi Grab Program has demonstrated the power of corporate responsibility and strategic partnerships in fostering economic empowerment and workforce inclusion. By breaking down barriers to entry, the program has provided thousands of women with a chance to generate sustainable income while promoting greater gender diversity in Indonesia’s ride-hailing sector.

Marc Despallieres, CEO of Vantage Markets, emphasised the importance of this collaboration: “At Vantage Markets, we believe that financial independence should be accessible to everyone, and we are committed to supporting initiatives that create real, lasting impact. Our partnership with Vantage Foundation and Grab Indonesia is a testament to the power of collective action in driving meaningful change. By empowering women with resources, training, and financial support, we are not only helping them secure a stable income but also fostering a more inclusive and sustainable future. We look forward to expanding this partnership and continuing to support communities in need.”

The #TradeForHope campaign is part of Vantage’s ongoing efforts to integrate social responsibility into its operations. By giving back through initiatives like these, Vantage is paving the way for a more inclusive and sustainable future for the communities it serves.

About Grab

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 700 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.    

About Vantage Foundation

Vantage Foundation is an independent charitable organisation launched at the McLaren Technology Centre in the UK in 2023. The foundation has worked with charity organisations around the world, including the iREDE Foundation in Nigeria, Teach For Malaysia in Malaysia, and Instituto Claret in Brazil.

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For more information, please visit www.vantage.foundation

Disclaimer: This press release is for informational purposes only and does not constitute financial advice or an offer of any financial products or services. The charitable activities described herein are conducted by Vantage Foundation with support from Vantage Markets. These activities are entirely separate from any financial services offered by Vantage Markets. This article is solely intended to describe corporate social responsibility efforts and does not imply any endorsement or partnership related to financial products or services. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

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WILMINGTON, Del., April 23, 2025 /PRNewswire/ —

The Opportunity
As a leading supply chain services company operating in the UK, CZ, sought to streamline its trade finance operations and reduce the time-intensive processes associated with paper-based trade documentation. Traditional trade processes often involve multiple parties, high administrative costs, and lengthy timelines. This creates friction in global trade, particularly for fast-moving commodities like sugar.

The growing adoption of digital trade solutions, such as electronic Bills of Lading (eBLs), allowed CZ to embrace fully digital trade documentation, enabling faster financing, reduced costs, and greater operational efficiency.

The Solution

CZ successfully executed its first fully digital trade financing transaction using WaveBL. This milestone transaction showcased the power of end-to-end digital trade processes:

1. Issuance of eBL: The Mediterranean Shipping Company (MSC) issued an electronic Bill of Lading (eBL) on WaveBL and transmitted it to CZ.
2. Compilation of Supporting Documents: CZ added electronic versions of the necessary trade documents, such as invoices and letter of instructions to the bank, to the WaveBL platform.
3. Document Submission to the Bank: CZ sent the eBL and supporting documents to Mizrahi Tefahot Bank LTD, UK via WaveBL for review and processing.
4. Financing Approval: The bank validated the documents against compliance requirements and promptly provided financing to CZ.
5. Document Transfer to Importer: The bank forwarded the complete set of electronic documents to the importer in Israel, ensuring a seamless and efficient transaction.

This streamlined process eliminated the need for physical documentation, saving significant time and reducing administrative burden for all parties involved. By now, CZ, fully transformed the flow and completed dozens of transactions.

The Impact

CZ experienced transformative benefits from this digital-first approach:

• Faster Financing: Traditional transactions take several days to get to the bank, and take 15–25 days until reaching the importer. This is now completed in hours, enabling quicker access to working capital.
• Enhanced Security: Documents were transmitted securely via WaveBL’s blockchain-backed platform, mitigating risks associated with physical document loss or forgery.
• Cost Savings: The elimination of paper documentation reduced courier costs, printing expenses, and administrative overhead.
• Seamless Collaboration: WaveBL’s platform provided a unified space for collaboration between CZ, its financial institution, and MSC, ensuring all parties remained synchronized throughout the process.

“This digitised way of working represents a turning point in how we approach trade finance. By adopting WaveBL’s digital platform, we’ve cut processing time from weeks to hours while ensuring security and transparency at every stage. This success sets a strong foundation for leveraging digital trade documentation in future operations.”
— Tanya Epshteyn, Associate Director, Head of Structured and Trade Finance, CZ

CZ’s journey showcases how fully digital trade documentation can revolutionize the way businesses manage international trade. By leveraging WaveBL, CZ demonstrated the power of faster financing, reduced costs, and secure collaboration.

This success sets a benchmark for companies across industries, proving that embracing digital trade solutions is essential for staying agile, efficient, and competitive in today’s global market.

The bank, Mizrahi Tefahot Ltd in the UK, by using the WaveBL platform, allows its customers access for a very efficient and friendly way to manage their trade documentation, increasing their satisfaction from the services they receive.

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“The type of deals that CZ manage with their bank showcase that electronic trade is not limited to Letters of Credit and Collection but is everywhere in the Global Trade Finance arena.” says Ofer Ein Bar, VP Financial Institutions at WaveBL.

“The use case of using electronic documents to shorten the preliminary processes to financing, and at the same time reduce costs with a friendly and efficient user experience is a game changer for Global Trade. It will help to resolve the huge gap of financing so needed to support the growth of global trade.”

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For inquiries:

Ofer Ein Bar
ofer.einbar@wavebl.com 

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