Bitget Expands Proof of Reserves to 19 Cryptocurrency Assets
Bitget, a cryptocurrency exchange, has expanded its Proof of Reserves (PoR) platform to include 19 different assets. This increase will allow users to verify their holdings against the reserves on the exchange.
The supported assets now include Bitcoin, Ethereum, XRP, Solana, Dogecoin, BNB, Cardano, USDT, USDC, Litecoin, Chainlink, NEAR, XAUT, TAO, SUI, ONDO, HYPE, PI, and USDGO. Users can check the amount of their funds entered for every supported asset, as well as the reserve ratio of individual cryptocurrencies.
Bitget's revamped PoR interface also displays blockchain information, allowing users to visualize asset distribution over public networks. Additionally, personal Proof of Assets checks have been expanded using Merkle Tree technology.
The exchange has published 45 consecutive monthly reports since December 2022, with a total reserve ratio of 122% in its latest report. Bitget's CEO, Gracy Chen, stated that the expansion will provide users with greater control over verification, saying 'Users shouldn't have to simply take our word for it, they should be able to verify their assets for themselves.'