Bitget Lists 131% Reserve Ratio Across 19 Asset Categories
The exchange listed reserve ratios of 142% for Bitcoin, 110% for Ether, 107% for Tether and 154% for USD Coin.
Bitget’s 47th proof-of-reserves update lists a 131% reserve ratio across 19 asset categories, with coverage above 100% for Bitcoin, Ether and two major stablecoins.
Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC) had reserve ratios of 142%, 110%, 107% and 154%, respectively.
Customer balances included about 20,500 BTC, 166,100 ETH, 1.181 billion USDT and 96.477 million USDC. The figures indicate reserves exceeded the corresponding customer balances for each of the four assets listed.
The disclosure comes after Bitget returned to net inflows as Ether deposits exceeded withdrawals on the third day after withdrawals reopened. Deposits reached about 28,900 ETH, compared with roughly 7,266 ETH in withdrawals.
