Bitget Expands Proof of Reserves to 19 Major Assets

Bitget has expanded its Proof of Reserves (PoR) from four cryptocurrencies to 19 major assets, providing users with greater visibility into their holdings and allowing them to independently verify their inclusion in reserve snapshots. The upgrade includes BTC, USDT, ETH, LTC, LINK, XRP, USDC, DOGE, BNB, SOL, ADA, NEAR, XAUT, TAO, SUI, ONDO, HYPE, PI, and USDGO.

The expanded coverage allows users to view the reserve ratio and amount of user assets for each supported asset, assess if reserves are sufficient, and see how user assets are distributed across different public blockchains. Personal Proof of Assets verification has also been expanded across the same range, enabling users to check whether their holdings were included in a PoR snapshot using Merkle Tree verification.

Bitget has published 45 consecutive PoR reports since its launch in December 2022, with its latest report showing a total reserve ratio of 122%, remaining above the 1:1 reserve standard. The platform uses Merkle Tree technology to aggregate and verify user assets, allowing users to independently confirm whether their holdings are included in a particular Proof of Reserves snapshot.