Bitget Completes Proof of Reserves (PoR) Update for August 2023
Bitget has successfully finalized its Proof of Reserves (PoR) update for August 2023. As of August 7, 2023, Bitget's total reserve ratio stands at 201%. The latest reserve ratio is as follows:
Coin name |
Platform's assets |
Users' assets |
Reserve ratio |
BTC |
10650.04 BTC |
2499.80 BTC |
426% Reserves are sufficient |
USDT |
483710438.52 USDT |
388881644.39 USDT |
124% Reserves are sufficient |
ETH |
19054.26 ETH |
12037.32 ETH |
158% Reserves are sufficient |
USDC |
160704550.03 USDC |
8082542.94 USDC |
1988% Reserves are sufficient |
In our effort to enhance platform transparency, Bitget launched its Proof of Reserves page in December 2022, updating the data monthly to ensure that our clients' funds are backed by a minimum 1:1 reserve ratio. Additionally, using the open-source tool 'Merklevalidator', users can also verify the assets on the platform via GitHub. Beyond the PoR, Bitget has set up a $300 Million User Protection Fund to provide an additional layer of safeguard for user assets.
For more details regarding the Proof of Reserves, please visit:
Bitget Proof of Reserves
We deeply appreciate your continued support and trust!