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Bitget has updated the Proof of Reserves for September 2023
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Bitget
2023-09-12 02:00
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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