Bitget Demonstrates Continued Transparency with April 2024 Proof of Reserves Update
Bitget
Victoria, Seychelles May 2, 2024 - Bitget, the world's leading cryptocurrency exchange and Web3 company, reaffirms its commitment to transparency and demonstrates continuous user asset growth with its latest
April 2024 Proof of Reserves (PoR) update. The update showcases Bitget's unwavering dedication to maintaining robust reserves, ensuring the security of user assets amidst the dynamic crypto landscape.
The April 2024 PoR report reveals a total reserve ratio of 176%, with ratio for BTC and ETH reaching 335% and 229% respectively. The latest update also unveils a significant increase in the user assets of USDT and ETH, as both figures grew as much as 51% and 46% since January 2024, showing strong momentum in user confidence and growth.
Gracy Chen, Managing Director at Bitget, emphasized the significance of the latest PoR update, stating, "Bitget is unwavering in its commitment to transparency and financial stability. Our latest PoR update reinforces our dedication to safeguarding user assets and upholding the highest standards of accountability. With a total reserve ratio of 176%, Bitget continues to lead by example in the cryptocurrency exchange industry."
The regularly updated reserve ratios for prominent cryptocurrencies, including
BTC, ETH, USDT, and USDC, underscore Bitget's commitment to providing users with a secure and transparent trading environment. Bitget's dedication to transparency extends beyond PoR disclosures. The exchange has also established a
Protection Fund and publishes monthly valuations to further enhance user protection and mitigate potential risks.
As of April 22, 2024, Coin marketcap reports that Bitget's total reserves exceed $2.7 billion, consolidating Bitget's position as a reliable and trustworthy cryptocurrency exchange. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and official eSports events organizer PGL.
For more information, visit:
Website |
Twitter |
Telegram |
LinkedIn |
Discord |
Bitget Wallet For media inquiries, please contact:
media@bitget.com
2024-04-30
A Year of Knowledge and Engagement: #Blockchain4Youth Celebrates Its First AnniversaryHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
BitgetBitget Monthly Transparency Report January 2026TLDR; ● Bitget publicly launched Bitget TradFi in January, opening tokenized access to global forex, commodities, indices, metals, and stock CFDs under its Universal Exchange (UEX) framework. ● Bitget TradFi reached $4 billion in daily trading volume, doubling from $2 billion in just two weeks, signaling rapid user adoption of tokenized traditional markets. ● Crypto assets accounted for 88.25% of total platform volume, while non-crypto products contributed 11.75%, led by TradFi at 11.42%, highl2026-02-09
BitgetNotice: Temporary Restriction of Services in IndiaBitget is implementing a temporary restriction on new user onboarding in India, effective February 6 at 4 PM IST, as part of the company’s commitment to align with applicable local regulatory requirements. With this update, account creation for new users will be restricted when India is selected as the country of residence during sign-up or when Indian KYC documents are selected during onboarding. Please note that this change does not impact existing Bitget users in India. Existing users can con2026-02-04
BitgetBitget 2025 Product Recap: The Journey to UEXHello everyone, and welcome to the Bitget Annual Product Recap. I’m Gracy. Today, we aren't just looking back at a year of growth; we are also celebrating a milestone in industrial evolution. I am honored to share the journey of how Bitget became the world’s first UEX. 2025 was defined by radical momentum and a fundamental shift in the global financial order. We navigated a landscape where markets didn't just move—they transformed. We witnessed a crypto frenzy, with Bitcoin hitting another2026-01-21
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now