Bitget Maintains 122% Reserve Ratio with August Proof of Reserves Report

Bitget, the world's largest Universal Exchange (UEX), has maintained its 122% reserve ratio for August, according to its latest Proof of Reserves report. The report marks 45 consecutive monthly updates since December 2022.

The snapshot shows user holdings of 26,811 BTC and 123,688 ETH, with a 10% increase in Ethereum compared to July. USDT and USDC holdings decreased by 13% and 4%, respectively.

'Security is being tested every day across our industry, and trust has to be able to withstand that,' said Gracy Chen, CEO of Bitget. 'Proof of Reserves gives users something concrete they can verify for themselves.'