Bitget, a leading centralized cryptocurrency exchange and Web3 service provider, has released its latest Proof of Reserves (PoR) report for August 2025, reaffirming its commitment to transparent asset safeguarding and user protection. The report, verified via Merkle Tree methodology, demonstrates that all major digital asset reserves exceed user liabilities by a substantial margin.
Reserve Composition and Ratios
As of August 22, 2025, Bitget holds 28,022.72 BTC in reserves versus 7,681.36 BTC in customer obligations, reflecting a 365% reserve ratio. For Ethereum (ETH), reserves stand at 283,323.26 ETH against 141,470.62 ETH in liabilities, marking a 200% coverage. Tether (USDT) reserves total 1,953,837,757.51 USDT compared to 1,933,428,717.47 USDT in customer holdings, presenting a 101% reserve ratio. Similarly, USD Coin (USDC) reserves number 172,087,642.62 USDC against 86,012,252.81 USDC in liabilities, sustaining a 200% buffer.
Transparency Mechanism and Verification
The report employs Merkle Tree proofs to enable independent verification of total assets held on‐chain by Bitget. Users and third‐party auditors can validate reserve figures without exposing individual account data. The ongoing publication of PoR reports adheres to best practices for fostering user trust and meeting emerging industry standards for centralized exchanges.
Month-over-Month Trends
USDC reserves increased by 46% compared to the prior month, indicating continued growth in customer deposits and institutional inflows. ETH and BTC reserves also displayed a steady monthly rise, suggesting robust deposit activity and enhanced asset security. Bitget attributes reserve growth to expanding trading volumes and strategic partnerships that bolster market confidence.
Management Commentary
Gracy Chen, CEO of Bitget Limited, emphasized that maintaining surplus‐backed reserves remains central to the company’s operational philosophy."Transparency and user protection are not mere compliance obligations, but foundational principles that drive our platform design and risk management processes," stated Chen. “This proof‐of‐reserves report underscores our leadership in delivering best‐in‐class asset security solutions for global users.”
Industry Context
Proof of Reserves has emerged as a critical practice following high‐profile exchange failures that highlighted risks of undercollateralization. Bitget’s PoR report sets a benchmark for centralized exchange transparency by exceeding the minimum 100% reserve ratio requirement, thereby providing a robust model for other market participants.
With ongoing PoR publications, Bitget aims to maintain user confidence while scaling its product suite, including spot and derivatives trading, staking services and Web3 integrations. Future reports will incorporate additional chains and assets, further enhancing auditability and transparency.
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