Bitget Announces Updated Proof of Reserves for July 2024 with 167% Reserve Ratio
2024年7月30日 - 1:35AM
Bitget, the world's leading cryptocurrency exchange and Web3
company, has shared its monthly update for the transparent tracking
of its proof-of-reserves (PoR) highlighting the reserve ratios of
Bitcoin (BTC), Ethereum (ETH), USDT and USDC. This update shows the
platform’s commitment to transparency and security, highlighting
significant growth in both user assets and platform reserves.
As of July 2024, Bitget’s total reserve ratio stands at an
impressive 167%. The latest reserve ratios for key assets are as
follows:
- BTC: Platform asset
17,600.81 BTC, Users' assets 6,145.72 BTC, Reserve Ratio 286%
- USDT: Platform asset 996,825,706.06 USDT,
Users' assets 919,528,487.16 USDT, Reserve Ratio 108%
- ETH: Platform asset 109,040.86 ETH, Users'
assets 66,970.39 ETH, Reserve Ratio 163%
- USDC: Platform
asset 68,997,170.93 USDC, Users' assets 14,275,191 USDC, Reserve
Ratio 483%
Compared to January 2024, Bitget's user assets in
BTC saw an impressive growth of 86.1%, and user assets in ETH
increased by a whopping 146.8%. The platform reserves also soared
by an astounding 208%, while ETH platform reserves saw an
impressive 58.8% increase compared to last month's figure. This
growth highlights Bitget's commitment to maintaining robust
reserves and ensuring user confidence.
The updated PoR showcases Bitget's efforts in maintaining more
than industry standard 100% reserves, which effectively guarantees
that users' assets are safe. The platform is capable of covering
user withdrawals, even if all user assets are withdrawn.
"Bitget's growth as a leading Web 3 company is built on a
foundation of trust and security. Our commitment to transparent
proof-of-reserves ensures that user assets are safeguarded and
insured. We will continue to maintain the highest standards of
integrity and reliability," said Gracy Chen, CEO at
Bitget.
In addition to maintaining a higher than industry standard PoR,
Bitget insures its users further with a $300M Protection Fund, now
valued over $400 million according to its latest protection
fund report. This gives the platform an extra layer of resilience
against cybersecurity threats. Users who have their accounts
compromised in unfortunate incidents not attributed to their own
actions or trading behavior can make a claim through the Bitget
Protection Fund.
For real-time PoR tracking, please visit -
https://www.bitget.com/proof-of-reserves
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 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 Turkish National
athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet
Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national
team).
For more information, visit: Website | Twitter
| Telegram | LinkedIn | Discord | Bitget
WalletFor media inquiries, please contact: media@bitget.com
Photos accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/722eb131-0ccf-4dc1-84e1-cc067505bd58https://www.globenewswire.com/NewsRoom/AttachmentNg/43fd5ba1-66da-4c5e-bea4-96371d6785d5