The world's leading cryptocurrency exchange and Web3 company Bitget have released their latest monthly Proof of Reserve (PoR), emphasizing the reserve ratios of Bitcoin (BTC), Ethereum (ETH), USDT, and USDC. This update demonstrates the platform's commitment to transparency and security, and emphasizes the significant growth of user assets and platform reserves.

In September 2024, Bitget's reserve proof data showed a significant increase, with users' ETH assets surging by 30% compared to July of this quarter. During the same period, user BTC assets increased by 8%, and investors strategically turned to mainstream cryptocurrencies before the arrival of October, known as the "Uptober" - a popular month in the cryptocurrency market.

As of September 2024, Bitget's total reserve ratio has reached 166%, and the latest reserve ratios for its major assets are as follows:

BTC: platform assets 19639.57 BTC, user assets 6644.25 BTC, reserve ratio 296% USDT: platform assets 961584890.64 USDT, user assets 911810273.02 USDT, reserve ratio 105% ETH: platform assets 129132.6 ETH, user assets 87164.81 ETH, reserve ratio 148% USDC: platform assets 80288046.1 USDC, user assets 14706783.68 USDC, reserve ratio 546%

In September, Bitget's main asset reserves all increased. The user's BTC and ETH assets have increased, with BTC's reserve ratio rising to 296%, while the reserve ratios of USDT and USDC remain at 105% and 546%, respectively.

Bitget CEO Gracy Chen said, "Bitget has set the highest standards for user security, leading the industry towards a transparent and secure business model that gives our platform's 45 million users confidence in their asset security. This also demonstrates the strength of our community. Regularly releasing reserve certification reports is part of our ongoing efforts to create a trusted environment for the digital asset ecosystem

Since January 2024, the user assets on the Bitget platform have continued to grow healthily, demonstrating a high level of trust from the global community. The user's BTC assets grew by over 100%, while the user's ETH assets surged by 221% during the same period. USDT also performed exceptionally well, growing by 80%, while users' USDC assets increased by 40%.

The updated reserve certificate demonstrates Bitget's efforts in maintaining reserves that exceed industry standards by 100%, effectively ensuring the security of user assets. Even if all user assets are withdrawn, Bitget can still cope.

In addition to maintaining reserve certificates above industry standards, Bitget has also established a $300 million protection fund to further provide insurance for its users. According to the latest protection fund report, the fund has now exceeded $400 million. This provides the platform with additional capabilities to resist network security threats. If a user's account is stolen due to non self behavior or trading behavior, they can file a claim through the Bitget Protection Fund.

Real time tracking of Bitget reserve proof

About Bitget

Bitget was founded in 2018 and is a world leading cryptocurrency trading platform and Web 3 company. At present, Bitget provides services to more than 100 countries and regions around the world, helping over 45 million users achieve "**art" trading through leading copy tracking services and various trading solutions. Bitget Wallet, formerly known as BitKeep, is a world-class multi chain cryptocurrency wallet that provides a range of Web3 solutions and interactive features, integrating wallets, swaps, NFT markets, DApp browsers, and more. Bitget joined hands with Buse Tosun ç avu š o ğ lu, Türkiye's national women's wrestling world champion, Samet G ü m ü š, European boxing champion, women's volleyball world champion, lkin Ayd ı n, and a group of trustworthy partners to encourage people to embrace cryptocurrency.

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