Amid market turmoil, BTC holdings exceeded 335%.
VICTORIA, Seychelles, May 2, 2024 — Cryptocurrency exchange Bitget has launched its latest April 2024 Proof of Payment (PoR) update, reaffirming its commitment to transparency and demonstrating the security of user assets in the dynamic cryptocurrency landscape. .
According to the April 2024 PoR report, the total reserve ratio is 176%, while the BTC and ETH ratios reach 335% and 229%, respectively. The latest update also saw a significant increase in USDT and ETH user assets. Both figures have increased by 51% and 46% since January 2024, demonstrating strong momentum in user confidence and growth.
Gracy Chen, Managing Director of Bitget, emphasized the importance of the latest PoR update and said, “Bitget has a firm commitment to transparency and financial stability. The latest PoR updates strengthen our efforts to protect user assets and maintain the highest standards of accountability. With a total retention rate of 176%, Bitget continues to set an example in the cryptocurrency exchange industry.”
Regularly updated reserve ratios for popular cryptocurrencies including BTC, ETH, USDT, and USDC highlight Bitget’s commitment to providing users with a safe and transparent trading environment. Bitget’s commitment to transparency extends beyond PoR disclosure. The exchange also establishes a protection fund and publishes monthly valuations to further protect users and mitigate potential risks.
As of April 22, 2024, Coinmarketcap reports that Bitget’s total holdings exceed $2.7 billion, solidifying Bitget’s position as a trustworthy and trustworthy cryptocurrency exchange. By conducting regular audits, Bitget ensures ongoing visibility and maintains accountability for openness and accountability. The most up-to-date information about Bitget’s reserves and asset addresses is publicly available and can be verified using the blockchain through the following link.
source: bitget
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