Bitget's February 2025 Proof-of-Reserves Report Shows Reserves Increased to 186%

On February 27, 2025, Bitget, a leading cryptocurrency exchange, released its proof-of-reserves report for February 2025, indicating a reserve ratio of 186%, exceeding its 100% commitment. The report highlights substantial reserves across major assets, including a 322% reserve ratio for Bitcoin (19,393 BTC held against 6,030 BTC user liabilities) and a 173% reserve ratio for Ethereum (199,433 ETH held against 115,051 ETH user assets). Stablecoin reserves also showed strong backing, with USDT at 138% and USDC at 121%. The exchange uses Merkle root hash verification, ensuring users can independently verify their assets. Bitget also maintains a $570 million Protection Fund to protect against cybersecurity threats, reinforcing its position as a secure platform.