Bitget Celebrates 8 Years with Focus on Growing Responsibility
Bitget's Chief Legal Officer Hon Ng marked the platform's 8th anniversary by reflecting on its growth and evolution over the past eight years. The company began as a cryptocurrency derivatives trading platform, but has since expanded to include global assets such as US stocks, gold, and foreign exchange under its Universal Exchange (UEX) vision.
The growth of Bitget's user base has been significant, with over 125 million users served. However, Ng emphasized that the company's responsibility has also increased proportionally. As the platform expands into new markets and offers more trading options, it must provide a solid foundation to safeguard these choices.
To address this responsibility, Bitget has implemented several measures, including its Proof of Reserves, which ensures user assets are at least 1:1 reserved and allows users to verify their reserves through the Merkle Tree verification mechanism. The company has released 46 consecutive Proof of Reserves reports, with an overall reserve ratio reaching 135% and an average reserve ratio consistently maintained above 120%.
Ng also highlighted Bitget's Protection Fund, established in 2022 with an initial value of $300 million, which provides users with additional financial security in extreme situations. The fund's average valuation as of August 2026 was approximately $382 million.