Crypto exchanges are under pressure to prove they can cover user assets, especially with growing concerns around transparency.

Bitget latest Proof of Reserves for September 2024 shows a 191% reserve ratio, covering $BTC , $ETH , USDT, and $USDC holdings, well above the 1:1 benchmark. They also maintain a $300M protection fund.

In contrast, #Binance BTC reserve sits at 100.77%, which technically covers user deposits, but leaves little margin if withdrawals spike unexpectedly.

In volatile markets, stronger reserve buffers could make a real difference.