- Bitget’s monthly Proof of Reserves sets a new industry benchmark with an impressive reserve ratio of 223%, surpassing the standard 100% reserve ratio.
- The exchange maintains a balance of reserves in popular digital assets, exceeding $1.44 billion and demonstrating its commitment to transparency and security.
- Bitget’s consistent reserve ratios of over 200% for the past seven months reinforce its dedication to transparency, trust, and the well-being of its users.
Bitget, a leading cryptocurrency exchange, has once again demonstrated its commitment to transparency by surpassing the industry benchmark with its monthly Proof of Reserves. The latest report reveals an exceptional reserve ratio of 223%, exceeding the standard 100% reserve ratio by a significant margin.
This achievement highlights Bitget’s dedication to setting new industry standards and promoting user confidence in the crypto ecosystem. Priviously Bitget introduced Crypto Loan services in the pursuit of improving results.
In its aim for transparency, Bitget has managed to ensure that it holds over $1.44 billion in reserves, encompassing a balanced portfolio of popular digital assets. This impressive reserve amount showcases the exchange’s robust financial position. This notion also reinforces, the company’s commitment to safeguarding user funds.
For the past seven months, Bitget has consistently maintained reserve ratios exceeding 200%, solidifying its status as a trailblazer in the crypto industry. By going above and beyond the expected reserve requirements, Bitget emphasizes its commitment to providing a secure trading environment for its users.
In case you did not know, Proof of Reserves (PoR) is a crucial aspect of cryptocurrency exchanges. It offers transparency and reassurance to users regarding the exchange’s ability to cover their assets. Bitget’s PoR guarantees that the exchange holds 100% of users’ assets in reserves, ensuring their safety and promoting trust in the platform.
Bitget’s extraordinary reserve ratio of 223% exceeds the industry benchmark and sets a new standard for other exchanges to follow. By consistently surpassing the expected reserve levels, Bitget solidifies its position as a pioneer in the crypto industry, spearheading the way for greater transparency and security.
With its robust reserve ratios and commitment to transparency, Bitget continues to inspire trust among its users. The exchange’s dedication to exceeding industry standards and maintaining a strong financial position highlights its focus on user security and reinforces its status as a reliable cryptocurrency trading platform.