Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%
February 26 2025 - 11:11PM
Bitget, the world's leading cryptocurrency exchange and Web3
company, has released their proof-of-reserves report for February
2025. The newest snapshot shows the updated data highlights an
increase of reserves to 186% up from its commitment of 100%.
Bitget’s latest proof of reserves reaffirms its financial stability
and transparency, showcasing a strong total reserve ratio.
The exchange holds substantial reserves across major assets,
ensuring more than full backing of user funds. The breakdown
reveals a 322% reserve ratio for Bitcoin, with over 19,393 BTC held
against user liabilities of 6,030 BTC. Similarly, Ethereum reserves
stand at 173%, with holdings of 199,433 ETH exceeding the 115,051
ETH in user assets. Stablecoin reserves are also robust, with USDT
at 138% and USDC at 121%, showing strong backing.
The Merkle root hash verification adds an extra layer of
transparency, allowing users to independently verify their assets
within Bitget’s system. With 35 million records included in the
Merkle tree, the exchange continues to prioritize accountability.
The report highlights Bitget’s commitment to safeguarding user
assets while maintaining operational integrity. By consistently
holding reserves well above liabilities, Bitget reinforces trust in
its financial health, positioning itself as a secure and reliable
platform for crypto traders and investors.
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user withdrawals, even if all user assets are withdrawn.
In addition to maintaining a higher than industry standard PoR,
Bitget insures its users further with a $300M Protection Fund, now
valued over $570 million according to its latest protection
fund report. This gives the platform an extra layer of
resilience against cybersecurity threats.
For real-time PoR tracking, please visit
here.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 100 million
users in 150+ countries and regions, the Bitget exchange is
committed to helping users trade smarter with its pioneering copy
trading feature and other trading solutions, while offering
real-time access to Bitcoin price, Ethereum price, and other
cryptocurrency prices. 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, token swap, NFT Marketplace, DApp browser, and
more.
Bitget is at the forefront of driving crypto adoption through
strategic partnerships, such as its role as the Official Crypto
Partner of the World's Top Football League,
LALIGA, in EASTERN, SEA and LATAM market, as well
as a global partner of Turkish National athletes Buse Tosun
Çavuşoğlu (Wrestling world champion), Samet
Gümüş (Boxing gold medalist) and İlkin
Aydın (Volleyball national team), to inspire the global
community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter
| Telegram | LinkedIn | Discord | Bitget
Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject
to fluctuation and may experience significant volatility. Investors
are advised to only allocate funds they can afford to lose. The
value of any investment may be impacted, and there is a possibility
that financial objectives may not be met, nor the principal
investment recovered. Independent financial advice should always be
sought, and personal financial experience and standing carefully
considered. Past performance is not a reliable indicator of future
results. Bitget accepts no liability for any potential losses
incurred. Nothing contained herein should be construed as financial
advice. For further information, please refer to our Terms of
Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e6e37dd-29ad-4275-b259-d9650b21488f