Bitget has updated the Proof of Reserves for September 2023

Bitget has recently updated its September 2023 Proof of Reserves. As of September 7, 2023, Bitget's total reserve ratio was 208%. The latest reserve ratios are as follows:

Token	Assets at Bitget	User Assets	Reserve Ratio
BTC	11,056.95 BTC	2,657.71 BTC	416% (sufficient)
USDT	476,199,612.35 USDT	360,592,267.80 USDT	132% (sufficient)
ETH	21,348.31 ETH	13,431.39 ETH	159% (sufficient)
USDC	1,600,089,353.41 USDC	8,706,524.73 USDC	1839% (sufficient)

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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