TechFlow News, Bitget exchange announced the completion of its May Merkle tree proof-of-assets update, demonstrating that the platform holds over 100% reserve backing.
As of June 5, Bitget's overall reserve ratio reached 217%, with individual reserve ratios for BTC, USDT, ETH, and USDC at 499%, 134%, 173%, and 2723%, respectively.
In December 2022, Bitget launched its Proof-of-Reserves page. Reserve data is updated monthly to ensure customers' funds are backed by at least a 1:1 reserve ratio. Additionally, users can verify the platform’s assets independently using the open-source tool "Merklevalidator" available on GitHub.
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