Leading global cryptocurrency exchange and Web3 company Bitget has announced its latest monthly Proof of Reserves (PoR) report, with a total reserve ratio of up to 159%, continuing its commitment to complete transparency. This PoR report represents Bitget’s commitment to its users, ensuring that their funds are fully supported on a 1:1 basis and available for use as needed.
The February 2024 PoR data highlights Bitget’s strong financial position and commitment to technical security. According to Coinmarketcap data on February 7th, Bitget’s total reserves exceeded $1.7 billion, including major cryptocurrencies such as BTC, ETH, USDT, and USDC. Through regular audits, Bitget ensures transparency and maintains its openness and accountability.
The latest reserve ratios for Bitget are as follows:
Gracy Chen, Managing Director of Bitget, emphasized the importance of transparency, stating, “Bitget is always committed to providing the highest level of security and transparency to our users. We prioritize financial stability and technical robustness to ensure unwavering confidence in our platform. Among all major exchanges, we maintain the most robust reserve ratio, and we are proud of this. This steadfast commitment to financial stability reinforces users’ trust in Bitget as a reliable and trustworthy cryptocurrency exchange.”
Bitget is dedicated to increasing transparency, aligning with its philosophy of maximizing user protection. In addition to its strong reserves, Bitget has established a Protection Fund and publishes its valuation monthly to further safeguard users against account breaches, unexpected asset losses, or special market events.
Bitget
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