Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its latest monthly report on Proof of Reserves (PoR), reaffirming its dedication to comprehensive transparency through a total reserve ratio of 171%.
This PoR report underscores Bitget’s commitment to ensuring that users’ funds are fully backed 1:1 and available at all times. The PoR data from December 2023 emphasizes Bitget’s focus on maintaining strong financial health and stability. The proof of liquid on-chain reserves that exceed all user holdings, reinforce Bitget’s promise to protect user assets. According to Coinmarketcap’s data on December 7, Bitget’s total reserves exceeded US$1.7 billion, encompassing a variety of significant digital assets including BTC, ETH, USDT, USDC and others.
Gracy Chen, Managing Director at Bitget, highlighted the paramount importance of transparency: “Bitget remains steadfast in delivering the…
