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Bitget has updated the Proof of Reserves for September 2023

2023-09-12 02:0001592

Bitget has recently updated its September 2023 Proof of Reserves. As of September 7, 2023, Bitget's total reserve ratio was 208%. The latest reserve ratios are as follows:

Token

Assets at Bitget

User Assets

Reserve Ratio

BTC

11,056.95 BTC

2,657.71 BTC

416% (sufficient)

USDT

476,199,612.35 USDT

360,592,267.80 USDT

132% (sufficient)

ETH

21,348.31 ETH

13,431.39 ETH

159% (sufficient)

USDC

1,600,089,353.41 USDC

8,706,524.73 USDC

1839% (sufficient)

To ensure the safety of users' assets, Bitget introduced the Proof of Reserves in December 2022. Data is updated every month to maintain a reserve ratio of at least 1:1 for the user's assets. Users can verify their assets on Bitget using the open-source verification tool called MerkleValidator, available on GitHub. In addition to the Proof of Reserves, Bitget has established a US$300 million Protection Fund to provide an additional layer of protection for user assets.

Visit Bitget Proof of Reserves for more details.

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