Cclear as day. Bitgetone of the world’s leading cryptocurrency platforms, is proving a ongoing commitment in favor of transparency to its customers.
Every month, Bitget publishes a report on its proof of reserve and on his protection fund with the aim of guaranteeing the security of its users’ assets and establishing a new standard of transparency in the crypto world.
Bitget’s reserve proofs: a contract of trust
The final show of reserve reveals an impressive ratio of total reserves of 201 %. This figure reassures users, confirming that their funds are fully covered up to the level of 1 for 1 and that they are immediately accessible.
Since December 2022, Bitget has been displaying this verifiable monthly proof-of-reserve data, illustrating its commitment to building solid trust by establishing a revolutionary standard of transparency in the crypto space.
By opening its financial records to frequent auditsthe platform strives to provide unrivalled security for its users, demonstrating its commitment to transparency and reliability.
Regarding the protection fund, Bitget published its last valuation report in July 2023, indicating that the fund’s value had consistently exceeded the 300 million since November, and had even climbed to over 368 million dollars in July.
>> For your crypto purchases, register on the Bitget platform (commercial link) <<
Bitget: an exemplary protection fund
Launched in August 2022, the Bitget Protection Fund is a pioneering example of preservation of users’ crypto assetstestifying to the platform’s commitment to the financial security of its users.
This fund, initially endowed with 200 million dollarsis a solid financial shield designed to protect users’ assets in the event of major incidents, cyber-attacks or extreme market situations. The fund is self-financedThis gives it a high degree of flexibility and operational autonomy, enabling rapid and efficient asset coverage without the need for external administrative procedures or policy adjustments.
Bitget’s daily monitoring of the Protection Fund showed that its value remained above 300 millionthroughout the month of July. The rise of the Bitcoin price in mid-July boosted the fund’s valuation to over $368 million, with an average of $359.6 million.
Trust and transparency: Gracy Chen’s credo
Gracy ChenBitget’s Managing Director, underlines the importance of trust and transparency for the platform.
« At Bitget, trust is at the heart of our priorities. Radical transparency is the cornerstone of trust in the cryptocurrency sector. By regularly publishing proofs of reserve and updated fund reports, we aim to offer our users an unprecedented level of certainty regarding the safety of their assets. As a leading crypto exchange, Bitget strives to maintain the highest standards of integrity and set an example for transparency. »
Please note Bitget was founded in 2018 and offers cryptocurrency trading services to over 20 million users in many parts of the world. The platform is renowned for its innovative trading solutions. Its commitment to transparency strengthens investor confidence in the cryptocurrency ecosystem and its quality reports on the crypto sector.
For you, blockchain technology and cryptocurrencies will soon be at the heart of everyday life for all of us. You can gain exposure to Bitcoin, Ethereum and other tokens on the rising exchange. Register now for Bitget and start learning about this world (commercial link).