VICTORIA, Seychelles, May 2,
2024 /PRNewswire/ -- Bitget, the world's leading
cryptocurrency exchange and Web3 company, reaffirms its commitment
to transparency and demonstrates continuous user asset growth with
its latest April 2024 Proof of
Reserves (PoR) update. The update showcases Bitget's unwavering
dedication to maintaining robust reserves, ensuring the security of
user assets amidst the dynamic crypto landscape.
The April 2024 PoR report reveals
a total reserve ratio of 176%, with ratio for BTC and ETH reaching
335% and 229% respectively. The latest update also unveils a
significant increase in the user assets of USDT and ETH, as both
figures grew as much as 51% and 46% since January 2024, showing strong momentum in user
confidence and growth.
Gracy Chen, Managing Director
at Bitget, emphasized the significance of the latest PoR
update, stating, "Bitget is unwavering in its commitment to
transparency and financial stability. Our latest PoR update
reinforces our dedication to safeguarding user assets and upholding
the highest standards of accountability. With a total reserve ratio
of 176%, Bitget continues to lead by example in the cryptocurrency
exchange industry."
The regularly updated reserve ratios for prominent
cryptocurrencies, including BTC, ETH, USDT, and USDC, underscore
Bitget's commitment to providing users with a secure and
transparent trading environment. Bitget's dedication to
transparency extends beyond PoR disclosures. The exchange has also
established a Protection Fund and publishes monthly valuations to
further enhance user protection and mitigate potential risks.
As of April 22, 2024,
Coinmarketcap reports that Bitget's total reserves exceed
$2.7 billion, consolidating Bitget's
position as a reliable and trustworthy cryptocurrency exchange. By
conducting routine audits, Bitget ensures continuous visibility and
upholds its responsibility to openness and accountability.
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
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