Cryptocurrency
Bitget Monthly Update: Proof-of-Reserves Report
Wednesday. June 26 at 4:00 AM
1 min. readBitget, a leading cryptocurrency exchange and Web3 company, has released its monthly update on proof-of-reserves (PoR) for Bitcoin, Ethereum, USDT, and USDC. User holdings of BTC, ETH, and USDT increased significantly in June, with reserve ratios exceeding industry standards. The PoR report demonstrates Bitget's commitment to security, with reserves totaling $2.9B. Bitget's PoR process ensures user assets are safe by verifying holdings through cryptographic proofs and audits. Additionally, Bitget offers a $400M Protection Fund to safeguard users against cybersecurity threats. The platform's Open Interest surpassed $6 billion, solidifying its position in the crypto derivatives market. Bitget's dedication to transparency and security has earned the trust of over 25 million users worldwide. For more details, visit Bitget's website. Established in 2018, Bitget continues to innovate and collaborate with industry leaders to promote crypto adoption.