Bitget April Proof of Reserves: Holding 191% User Assets

Bitget's Impressive April Proof of Reserves (PoR) Bitget has released its Proof of Reserves (PoR) report for April 2024, showcasing a robust financial position. The report, published on Bitget's official blog, reveals a reserve ratio of 191%, meaning Bitget holds nearly double the assets required to cover user holdings. Key Reserve Ratios Highlight Financial Strength The breakdown of reserve ratios for major cryptocurrencies further demonstrates Bitget's commitment to transparency and security. The exchange reported a BTC reserve ratio of 368%, ETH at 148%, USDT at 117%, and USDC at an impressive 217%. These figures significantly exceed the required 100%, indicating substantial over-collateralization. $610 Million User Protection Fund Beyond the impressive Proof of Reserves, Bitget also operates a $610 million User Protection Fund. This fund acts as an additional safety net, providing users with further assurance and security in the event of unforeseen circumstances. Bitget's dedication to transparency and security measures reinforces its position as a trustworthy platform for cryptocurrency trading and investment. ```