Bitget Posts Record-High Reserve Ratio in Latest Proof of Reserves Update

Bitget has released its 47th Proof of Reserves (PoR) update, providing users with transparency into the exchange's reserves. The latest report shows a total reserve ratio of 131%, covering 19 different asset types.

The reserve ratios for specific assets such as BTC, ETH, USDT, and USDC are notable at 142%, 110%, 107%, and 154% respectively.

Bitget has been publishing its PoR updates monthly since December 2022, expanding its coverage from four asset types to nineteen this September. This increased transparency is aimed at providing users with a clearer understanding of the exchange's reserves.

The historical average reserve ratio for Bitget has consistently remained above 120%, ensuring full coverage of insured user assets and surpassing the 100% coverage threshold.