The Bitget exchange, known for its cryptocurrency and Web3 services globally, shared a new update while standing behind its commitment to provide 100% support for user funds with its regular PoR announcements.

The significantly growing reserve figures also signalled Bitget’s commitment to protecting user assets and maintaining a high level of transparency. According to Coinmarketcap, as of 22 March, Bitget’s total reserves exceeded $2.5 billion, consisting of leading cryptocurrencies such as BTC, ETH, USDT and USDC.

Gracy Chen, Bitget managing director, emphasised the company’s transparency and made the following statements about the published Proof of Reserve report:

“Bitget is committed to delivering the utmost security and transparency for its users, emphasizing financial stability and technical resilience to establish unwavering trust in the platform. We take great pride in upholding the strongest reserve ratio among prominent exchanges, cementing Bitget’s position as a dependable and credible cryptocurrency exchange. This steadfast dedication to financial stability further bolsters the confidence of Bitget’s users in the platform’s reliability. “

In addition to its high level of reserves, Bitget has created a “Protection Fund” for users as an extra layer of protection against unforeseen threats. The exchange also publishes monthly evaluations in this regard.