Bitget Expands Proof-of-Reserves to 19 Major Cryptocurrencies

Bitget, the world's largest Universal Exchange (UEX), has significantly expanded its Proof-of-Reserves (PoR) system to cover 19 major assets. This is a significant move for the exchange as it increases transparency and trust among users.

The 19 assets now included in Bitget's PoR coverage are BTC, USDT, ETH, LTC, LINK, XRP, USDC, DOGE, BNB, SOL, ADA, NEAR, XAUT, TAO, SUI, ONDO, HYPE, PI, and USDGO. The updated interface allows users to view the amount of user assets recorded for each covered cryptocurrency, the corresponding reserve ratio, and how those assets are distributed across public blockchains.

Bitget has also expanded its personal Proof-of-Assets verification across the same 19 assets. Users can now check whether their holdings were included in a particular PoR snapshot using Merkle Tree-based verification.

The exchange provides audit information, including Merkle hashes and snapshot data, for users who want to conduct additional checks. According to Bitget's CEO, Gracy Chen, 'Users shouldn't have to simply take our word for it, they should be able to verify their assets for themselves.'