Bitget Hits 45th Straight Month of 122% Reserve Ratio with August Proof-of-Reserves Report

Bitget, a global cryptocurrency exchange operating as a Universal Exchange (UEX), has published its August 2026 Proof of Reserves report, marking the 45th consecutive monthly disclosure since the program began in December 2022. The total reserve ratio for the month was 122%, exceeding user balances included in the snapshot.

The exchange's Protection Fund valuation report also recorded an average monthly value of $382 million, backed by 5,500 BTC held as a separate protection reserve. This fund is established to protect users' assets and has been valued above its initial commitment of $300 million since its inception in 2022.

Bitget's Proof of Reserves uses a Merkle-tree structure that allows users to independently verify whether their balances were included in the reserve snapshot without exposing other customers' account information. The exchange also provides an open-source MerkleValidator and Proof of Reserves tools on GitHub, allowing users to perform their own verification.