TechFlow news: Bitget has released its eighth Proof of Reserves report (snapshot date July 6, 16:00 GMT+8), showing a BTC reserve ratio of 454%, a USDT reserve ratio of 135%, an ETH reserve ratio of 171%, and a USDC reserve ratio of 2604%. User BTC assets amount to 2,311.23 BTC, up 7% from the previous report (June 8), with an increase of 150.24 BTC; user ETH assets total 11,200 ETH, up 9% or 955.47 ETH from last time; user USDT assets stand at 346 million, up 4% or 13 million USDT compared to the prior period.
In December 2022, Bitget launched its Proof of Reserves page. Reserve data is updated monthly to ensure customer funds are backed by at least a 1:1 reserve ratio. Additionally, users can verify the platform's assets using the open-source tool "Merklevalidator" on GitHub.
