Bitget Expands Proof of Reserves to 19 Major Assets, Boosting Transparency

Bitget has expanded its Proof of Reserves (PoR) from four cryptocurrencies to 19 major assets, providing users with greater visibility into their holdings. The upgrade includes a wider range of user and platform-level reserve disclosures, as well as personal PoA verification.

The updated system allows users to view the reserve ratio and amount of user assets for each supported asset, assess whether 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 independently check if their holdings were included in a PoR snapshot using Merkle Tree verification.

Bitget's latest report shows a total reserve ratio of 122%, remaining above the 1:1 reserve standard. The company uses Merkle Tree technology to aggregate and verify user assets, allowing users to confirm whether their holdings are included in a particular Proof of Reserves snapshot.