Bitget updates July reserve proof, with BTC reserve rate reaching 454%

ChainCatcher news, Bitget released the eighth asset reserve proof (snapshot date 7-6 16:00 GMT+8), where the BTC reserve ratio reached 454%, the USDT reserve ratio reached 135%, the ETH reserve ratio reached 171%, and the USDC reserve ratio reached 2604%. User BTC assets amount to 2311.23 coins, a month-on-month (6-8) increase of 7%, adding 150.24 BTC; user ETH assets amount to 11,200 coins, a month-on-month increase of 9%, adding 955.47 ETH; user USDT assets amount to 346 million coins, a month-on-month increase of 4%, adding 1.3 million USDT.

In December 2022, Bitget launched the reserve proof page. The reserve proof data is updated monthly to ensure that customer funds have at least a 1:1 reserve ratio. Meanwhile, users can also verify their platform assets using the open-source tool "Merklevalidator" on GitHub. (Source link)