Bitget Completes Proof of Reserves (PoR) Update for August 2023

Bitget has successfully finalized its Proof of Reserves (PoR) update for August 2023. As of August 7, 2023, Bitget's total reserve ratio stands at 201%. The latest reserve ratio is as follows:

Coin name	Platform's assets	Users' assets	Reserve ratio
BTC	10650.04 BTC	2499.80 BTC	426% Reserves are sufficient
USDT	483710438.52 USDT	388881644.39 USDT	124% Reserves are sufficient
ETH	19054.26 ETH	12037.32 ETH	158% Reserves are sufficient
USDC	160704550.03 USDC	8082542.94 USDC	1988% Reserves are sufficient

In our effort to enhance platform transparency, Bitget launched its Proof of Reserves page in December 2022, updating the data monthly to ensure that our clients' funds are backed by a minimum 1:1 reserve ratio. Additionally, using the open-source tool 'Merklevalidator', users can also verify the assets on the platform via GitHub. Beyond the PoR, Bitget has set up a $300 Million User Protection Fund to provide an additional layer of safeguard for user assets.

For more details regarding the Proof of Reserves, please visit:
Bitget Proof of Reserves

We deeply appreciate your continued support and trust!