Bitget has updated the Proof of Reserves for August 2024

Bitget has recently updated its August 2024 Proof of Reserves. For the newest update, Bitget's total reserve ratio was 176%. The latest reserve ratios are as follows: To ensure the safety of users' assets, Bitget introduced the Proof of Reserves in December 2022. Data is updated every month to main

Bitget has recently updated its August 2024 Proof of Reserves. For the newest update, Bitget's total reserve ratio was 176%. The latest reserve ratios are as follows:

 

To ensure the safety of users' assets, Bitget introduced the Proof of Reserves in December 2022. Data is updated every month to maintain a reserve ratio of at least 1:1 for the user's assets. Users can verify their assets on Bitget using the open-source verification tool called MerkleValidator, available on GitHub. In addition to the Proof of Reserves, Bitget has established a US$300 million Protection Fund to provide an additional layer of protection for user assets.

 

Visit Bitget Proof of Reserves for more details.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.