Bitget Reports 131% Reserve Ratio for Major Assets

Bitget has disclosed a 131% reserve ratio for 19 major cryptocurrency assets, indicating that its reported holdings exceed user liabilities for these assets. This figure provides a snapshot of the exchange's financial position, though it does not cover every asset or obligation on the platform.

Separately, Bitget's user protection fund has been replenished to 3,705 BTC, currently valued at approximately $316 million. This fund is distinct from the exchange's regular reserves and serves as an additional safeguard for users.

The latest figures offer users two key metrics to consider: the 131% reserve ratio across 19 major assets and the substantial user protection fund. However, no detailed asset breakdown or methodology was provided in the original announcement.