Bitget, a leading cryptocurrency exchange, has once again demonstrated its commitment to transparency and security with the release of its latest Proof of Reserves (PoR) update for April 2024. The report reveals a total reserve ratio of 176%, with impressive ratios for popular cryptocurrencies like BTC and ETH. This update also showcases a significant increase in user assets, particularly in USDT and ETH, indicating a strong momentum in user confidence and growth.
Gracy Chen, Managing Director at Bitget, highlighted the importance of the latest PoR update, emphasizing the exchange’s dedication to safeguarding user assets and maintaining the highest standards of accountability. With a total reserve ratio of 176%, Bitget continues to set the bar high in the cryptocurrency exchange industry.
In addition to the PoR disclosures, Bitget has implemented a Protection Fund and regularly publishes valuations to enhance user protection and mitigate potential risks. The exchange’s commitment to transparency extends to routine audits, ensuring continuous visibility and accountability for its reserves and assets.
As of April 22, 2024, Bitget’s total reserves exceed $2.7 billion, solidifying its reputation as a reliable and trustworthy cryptocurrency exchange. Users can access the latest information on Bitget’s reserves and assets through blockchain validation, further reinforcing the exchange’s dedication to openness and security.
Bitget’s latest PoR update reaffirms its position as a leader in the crypto industry, providing users with a secure and transparent trading environment. With a focus on accountability and financial stability, Bitget continues to prioritize the safety and confidence of its users.
