Bitget reaffirms reserve strength with latest PoR ratio of 175%
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Victoria, Seychelles, Jan. 10, 2024, Chainwire
Bitget, a cryptocurrency exchange and web3 company, has released its latest proof-of-reserves (PoR) report, demonstrating its commitment to transparency and financial stability.
The report reveals a total reserve ratio of 175%, reflecting Bitget’s pledge to maintain 100% backing for user funds through substantial on-hand reserves.
The January 2023 PoR data highlights Bitget’s prudent financial management and dedication to safeguarding user assets.
As of Jan. 8, Bitget’s total reserves exceeded $1.8 billion, which includes cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDT, and USDC.
This regular audit clarifies Bitget’s ongoing commitment to openness and accountability.
Gracy Chen, managing director at Bitget said:
“Bitget remains resolute in providing the highest level of security and transparency to its users. We prioritize financial stability and technical resilience to instill unwavering confidence in our platform. We take immense pride in maintaining the most robust reserve ratio among major exchanges. This unwavering commitment to financial stability reinforces our users’ trust in Bitget as a reliable and trustworthy crypto exchange.”
Bitget is committed to transparency and user protection. It has a Protection Fund, robust reserves, and publishes monthly valuations to safeguard users from unforeseen threats.
About Bitget
Established in 2018, Bitget is a 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 copy trading feature and other trading solutions.
Formerly known as BitKeep, Bitget Wallet is a multi-chain crypto wallet that offers 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 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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