With a strong total reserve ratio of 175%, Bitget—the leading Web3 company and cryptocurrency exchange globally—has demonstrated its industry-leading dedication to openness by releasing its most recent monthly Proof of Reserves (PoR) report. Bitget’s resolute commitment to provide considerable on-hand reserves and 100% backing for user funds at all times is exemplified by this frequent PoR declaration.
The PoR data from January 2023 demonstrates Bitget’s unwavering commitment to stability and sound financial management. Bitget demonstrates its unwavering commitment to protecting user assets with these impressive reserve figures and unmatched transparency into its balance sheet. Bitget’s total holdings exceeded $1.8 billion as of January 8, according to data from Coinmarketcap. These reserves included popular cryptocurrencies, including BTC, ETH, USDT, and USDC, among others. This regular audit makes Bitget’s continuous dedication to transparency and accountability very evident.
Gracy Chen, Managing Director at Bitget, said: “Bitget remains resolute in providing the highest level of security and transparency to its users. We prioritize financial stability and technical resilience to instill unwavering confidence in our platform. We take immense pride in maintaining the most robust reserve ratio among major exchanges. This unwavering commitment to financial stability reinforces our users’ trust in Bitget as a reliable and trustworthy crypto exchange.”
Bitget’s commitment to openness is consistent with its goal of optimizing user safety. To further protect customers from unanticipated hazards, Bitget has established a Protection Fund and provides regular values in addition to its substantial reserves.
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- Source: https://zycrypto.com/bitgets-latest-por-ratio-of-175-confirms-its-status-as-the-industry-leader-in-reserve-strength/
