WEEX publishes proof of reserves once a month. The latest snapshot, taken 1 October 2026 at 00:00 (UTC+8), shows BTC 146.39%, ETH 124.46% and USDT 100.02%, so reserves exceed net user holdings for all three assets. WEEX also keeps a separate 1,000 BTC protection fund at a public address whose balance you can check on-chain (checked October 2026).
This guide is based on the WEEX proof of reserves page, the protection fund page and help center announcements: how to read the latest figures, which assets are covered, what the published data files let you verify, what the protection fund does and does not cover, and what proof of reserves cannot show. Pick an exchange on safety first; after that, cost comes down to fees. Sign up with our referral code otter123 and bind through Fee Otter for a 70% futures rebate, 3.5 times a common 20% code.
Key points
- Frequency: monthly snapshots; the page lets you switch between 13 of them, from 1 October 2025 to 1 October 2026.
- BTC, ETH and USDT only: no other coins are covered.
- USDT barely clears 100%: users hold about 101 million USDT net, WEEX holds about 19,000 USDT more, for a 100.02% ratio.
- Data files are public: a user list of hashed accounts and balances, and a platform list of wallet addresses and balances you can check on a block explorer.
- The protection fund is separate: 1,000 BTC at its own address, not in the PoR platform list. Trading losses are not covered.
Latest figures (2026-10-01)
Reserve ratio = platform reserves ÷ net user holdings; WEEX states that 100% or more means full coverage. Snapshot taken 1 October 2026 at 00:00 (UTC+8), BTC block height 969,359:
| Asset | Net user holdings | WEEX holdings | Reserve ratio | Networks included |
|---|---|---|---|---|
| BTC | 78.778676 | 115.322201 | 146.39% | BTC |
| ETH | 1,290.083899 | 1,605.660005 | 124.46% | Arbitrum, BEP20, zkSync, ERC20, Optimism, Base |
| USDT | 101,029,799.70 | 101,048,652.62 | 100.02% | BEP20, ERC20, TRC20, Optimism, Arbitrum, Avalanche C, Solana, TON, Polygon, Aptos |
Two things stand out. WEEX user assets are overwhelmingly USDT (about 101 million), with only about 79 BTC held net. And the USDT ratio sits right at 100%, so the buffer there is thin, while BTC and ETH carry a larger surplus.
What the data files let you check
Each asset has two downloadable lists:
- User list: one hash and one balance per line. The 1 October BTC list has 226,944 lines that add up to exactly 78.78 BTC.
- Platform list: coin, wallet address and balance per line. The 1 October BTC list has 1,287 addresses totalling 115.32 BTC.
What you can check yourself: look up the platform addresses on a block explorer and see whether the total is close to the published figure, and add up the user list to see whether it matches the published net holdings. The page also shows verification links labelled CoinMarketCap and GitHub.
What you cannot: the page does not explain how to compute your own hash to confirm you are included, and there is no Merkle tree tool. The page is labelled "Audited" but names no auditor. Compared with Bitget's or Bybit's proof of reserves, where you can look up your own account, WEEX's version lets you verify less.
The 1,000 BTC protection fund
After the FTX collapse, WEEX set up a 1,000 BTC protection fund at a public wallet address (announcement). Since 24 January 2025 it has used a new address (migration notice):
bc1qeg5xn5plttr7w045apm92yx08c2swc6yw2vtj7
On 7 October 2026 mempool.space showed a balance of about 1,000.99 BTC. The address is not in the PoR platform BTC list, so the two are not double-counted.
The protection fund FAQ sets out what it covers:
- Covered: losses that are not the user's fault.
- Not covered: trading losses; users attempting fraud or abuse; transactions where the user was tricked or mistakenly authorized them; apparent unauthorized transactions where no funds left the platform.
- Claims: email support@weex.com within 30 days of the incident.
Do not confuse it with the risk reserve fund, which belongs to futures liquidation: leftover equity after a liquidation goes into it and negative balances are covered from it. That has nothing to do with compensation for stolen user assets.
What proof of reserves does not show
- It is a point in time: one snapshot a month, so changes between snapshots are invisible.
- Three assets only: reserves for other coins are not published.
- Liabilities are only net user holdings: other platform liabilities are not in the table.
- It is not regulatory protection: a high ratio is not deposit insurance, and what users recover if something goes wrong depends on how it is handled at the time.
In practice: keep only active trading funds on the exchange, move long-term holdings to your own wallet, turn on two-factor authentication and double-check withdrawal addresses. Deposit and withdrawal fees and pitfalls are in WEEX deposits and withdrawals.
Once you have picked an exchange
New to WEEX? Sign up with referral code otter123 and submit your UID on the Fee Otter rebate platform; steps are in how to register on WEEX. Existing users can follow the WEEX rebind guide. Rates and examples are in the WEEX fee rebate guide, and general rebate safety questions in is a fee rebate safe.
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