Bitget Announces Updated Proof of Reserves for July 2024 with 167% Reserve Ratio
Bitget
Victoria, Seychelles, 29th July 2024 -
Bitget, the world's leading cryptocurrency exchange and Web3 company, has shared its monthly update for the transparent tracking of its proof-of-reserves (PoR) highlighting the reserve ratios of
Bitcoin (BTC),
Ethereum (ETH), USDT and USDC. This update shows the platform’s commitment to transparency and security, highlighting significant growth in both user assets and platform reserves.
As of July 2024, Bitget’s total reserve ratio stands at an impressive 167%. The latest reserve ratios for key assets are as follows:
-
BTC: Platform asset 17,600.81 BTC, Users' assets 6,145.72 BTC, Reserve Ratio 286%
-
USDT: Platform asset 996,825,706.06 USDT, Users' assets 919,528,487.16 USDT, Reserve Ratio 108%
-
ETH: Platform asset 109,040.86 ETH, Users' assets 66,970.39 ETH, Reserve Ratio 163%
-
USDC: Platform asset 68,997,170.93 USDC, Users' assets 14,275,191 USDC, Reserve Ratio 483%
Compared to January 2024, Bitget's user assets in BTC saw an impressive growth of 86.1%, and user assets in ETH increased by a whopping 146.8%. The platform reserves also soared by an astounding 208%, while ETH platform reserves saw an impressive 58.8% increase compared to last month's figure. This growth highlights Bitget's commitment to maintaining robust reserves and ensuring user confidence.
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 The platform is capable of covering user withdrawals, even if all user assets are withdrawn.
"Bitget's growth as a leading Web 3 company is built on a foundation of trust and security. Our commitment to transparent proof-of-reserves ensures that user assets are safeguarded and insured. We will continue to maintain the highest standards of integrity and reliability," said
Gracy Chen, CEO at Bitget.
In addition to maintaining a higher than industry standard PoR, Bitget insures its users further with a $300M Protection Fund, now valued over $400 million according to its latest
protection fund report. This gives the platform an extra layer of resilience against cybersecurity threats. Users who have their accounts compromised in unfortunate incidents not attributed to their own actions or trading behavior can make a claim through the Bitget Protection Fund.
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 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. 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, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For media inquiries, please contact:
media@bitget.com
2024-07-29
Bitget Report Shows TON Tap-to-Earn (T2E) Game Users Play An Average of Five GamesHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
BitgetImportant Notice — Regarding Monetary Authority of Singapore (MAS)Bitget is not licensed, approved, registered, authorized or in any other way regulated by the Monetary Authority of Singapore (“MAS”), and is not subject to supervision by MAS. Bitget does not make its products or services available to, and does not solicit or target, persons in Singapore. Singapore is a restricted jurisdiction (being one of the listed “Prohibited Countries”) under Bitget's Terms of Use, and access to the Bitget platform from Singapore is restricted. Nothing published by Bitget2026-07-21
BitgetBitget rToken Surpasses $100M AUM as rSPCX Leads Early Tokenized Equity Demand By Ryan Lee, Chief Analyst at Bitget Research Executive Summary Bitget rToken crossed $100M in AUM within five weeks of launch, reaching approximately $114M by July 6, 2026. Since launch on June 2, rToken recorded $671.37M in cumulative trading volume, with average daily volume of $19.75M and a peak single-day volume of $56.16M. The latest asset-level data shows rSPCX as the largest rToken by cumulative trading volume, accounting for 23.51% of the total. rCSCO follows with 17.75%, while rNVDA2026-07-08
BitgetQ3 2024 Transparency Report: Bitget becomes 4th Largest Exchange by Volume TLDR; Bitget reached 45M users, ranking as the 4th largest crypto exchange globally, with a major focus on accelerating financial freedom. The exchange led in APAC trading, accounting for 31% of trading volume and 26% on weekends, driven by retail activity. Foresight Ventures and Bitget committed $30M to support TON blockchain development and Telegram-based projects. The company elaborated its token-discovery strategies through on-chain data and community insights with Nansen Research. Bitget2024-10-29
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now