Latest news

Bitget has updated the Proof of Reserves for September 2023

2023-09-12 02:0014384

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.

Thank you for your continued support and patronage!

Join Bitget, the World's Largest Crypto Copy Trading Platform

Sign up on Bitget now >>>

Follow us on Twitter >>>

Join our Community >>>