Several major centralized exchanges are increasing efforts around transparency, with some now publishing regular proof-of-reserves and reserve ratios for key assets like $BTC , $ETH , USDT, and USDC, though altcoins are often excluded.
One such exchange, Bitget, recently reported a reserve ratio of 199% and claims its on-chain asset proofs are verifiable by users. In June 2025, Bitget’s Protection Fund reached a peak of $716 million, with a monthly average of $687 million.
