Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%
Bitget
VICTORIA, Seychelles, March 22, 2024 — Bitget, the world's leading
cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency. The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%. It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves. With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% backing for user funds.
Bitget reaffirms its unwavering commitment to sound financial practices and stability as evidenced by its latest PoR data. The impressive reserve figures underscore Bitget's utmost devotion to protecting user assets and maintaining a high level of transparency. As of March 22nd,
Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability.
Gracy Chen, Managing Director at Bitget said:
"Bitget is committed to delivering the utmost security and transparency for its users, emphasizing financial stability and technical resilience to establish unwavering trust in the platform. We take great pride in upholding the strongest reserve ratio among prominent exchanges, cementing Bitget's position as a dependable and credible cryptocurrency exchange. This steadfast dedication to financial stability further bolsters the confidence of Bitget's users in the platform's reliability.
"
Bitget's dedication to transparency aligns with its focus on maximizing user protection. In addition to its robust reserves, Bitget has established a
Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit:
Website |
Twitter |
Telegram |
LinkedIn |
Discord |
Bitget Wallet For media inquiries, please contact:
media@bitget.com
2024-03-22
Recommended
- BitgetBitget guarantees it will hold 100% of users' assets in reservesBitget guarantees it will hold 100% of users' assets in reserves and will publish its Merkle Tree proof, platform reserves, and platform reserve ratio on a monthly basis Reserve ratio = funds in the platform/funds of platform users. A reserve ratio greater than or equal to 100% means that the platform has sufficient funds. What is proof of reserves? 'Proof of reserves' refers to an auditing procedure that is verifiable through cryptographic proofs, checks of public wallet ownerships, and recur2023-06-20
- BitgetJoin the KCGI trading competition and grab a share of 4 BTC KCGI 2024 team members registration is ongoing. Grab a variety of rewards, along with a share of 5,000,000 USDT! Join a team to share 4 BTC and 50,000 TRX. ❓ How to participate: Step 1: Register for the exclusive regional special promotion: click here. Step 2: Register for the KCGI competition: click here. 1️⃣ Total prize pool of 50,000 TRX for team members (May 24 – June 12) The first 1000 users to join a KCGI team during the promotion will get 100 TRX each. Eligibility: Join a team2024-05-23
- BitgetKCGI 2024 - Form a team to earn 500 XRP KCGI 2024 registration will officially open on May 17. Grab a variety of rewards, along with a share of 5,000,000 USDT! Join an exclusive regional promotion — form a team to earn 500 XRP! ❓ How to participate: Step 1: Register for the exclusive regional special promotion: click here. Step 2: Register for the KCGI competition: click here. 1️⃣ Total prize pool of 5,600 XRP for captains (May 17 – June 6) Captains will be ranked based on the time they formed their team, and the t2024-05-16