Bitget Demonstrates Industry-leading Reserves with Latest Reserve Ratio of 175%
Leading global cryptocurrency exchange and Web3 company Bitget has released its latest Monthly Proof of Reserves (PoR) report, with a total reserve ratio of up to 175%, demonstrating its commitment to full transparency. This PoR report represents Bitget’s commitment to its users, ensuring that their funds are fully supported on a 1:1 basis and can be accessed as needed.
The January 2024 PoR data highlights Bitget’s strong financial position and commitment to technical security. According to Coinmarketcap data on January 8th, Bitget’s total reserves exceeded $1.8 billion, including major cryptocurrencies such as BTC, ETH, USDT, and USDC. This report proves Bitget’s unwavering pursuit of transparency.
The latest reserve ratios for Bitget are as follows:
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Gracy Chen, Managing Director of Bitget, emphasized the importance of transparency, stating, “Bitget is committed to providing users with the highest level of security and transparency. We prioritize financial stability and technical robustness to ensure unwavering confidence in our platform. We maintain the most robust reserve ratio among all major exchanges, and we are proud of this. This firm commitment to financial stability strengthens users’ trust in Bitget as a reliable and trustworthy cryptocurrency exchange.”
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Bitget is dedicated to increasing transparency, aligning with its core principle of maximizing user protection. In addition to its robust reserves, Bitget has established a protection fund and publishes its valuation monthly to further safeguard users from account breaches, unexpected asset losses, or special market events.
Bitget
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Further reading
Bitget 2023 Report: Spot Trading Surges by 94%, BGB Trading Volume Soars 110%
Open Letter from Gracy, Managing Director of Bitget: Three Major Outlooks for the Cryptocurrency World in 2024
