Bitget's Proof of Reserves Highlights 199% Coverage Ratio in June 2025
Press release
Victoria, Seychelles, 26th June, 2025 –
Bitget, the leading cryptocurrency exchange and Web3 company, has released its June 2025
Proof of Reserves (PoR), revealing a total reserve ratio of 199%, an increase from 192% in May. This continued rise shows the platform’s ability to maintain a reserve well above the industry-standard 1:1 ratio, effectively covering all user-held assets with significant overcollateralization.
According to the June audit, the platform holds 28,286.53 BTC against 6,593.8 BTC in user liabilities, marking a 429% reserve ratio. For USDT, Bitget maintains 1.75 billion tokens in reserve versus 1.61 billion in user holdings, yielding a coverage of 108%. ETH assets show a similar trend, with 219,917.71 ETH held against 148,754.3 ETH in user accounts, resulting in a 148% ratio. USDC holdings recorded the highest increase, with 138.88 million USDC backing just over 51.44 million in user assets—a, a 270% reserve ratio. These numbers reflect a consistent strengthening in asset management and surplus reserves across the board since last month.
The reserve data is generated using Merkle tree technology, with the June snapshot reflecting 27 layers and over 40 million individual asset records. This mechanism allows users to independently verify the existence and adequacy of reserves through Bitget’s open-source tool, MerkleValidator, available on GitHub.
Bitget first implemented the Proof of Reserves mechanism in December 2022. Since then, the platform has maintained monthly updates to ensure full transparency and real-time assurance to its user base. Alongside PoR, Bitget also operates a US$600 million Protection Fund, aimed at enhancing user security by offering a safeguard in the event of extreme market conditions or unforeseen asset risks.
“Maintaining reserves well above security, it's about building infrastructure that can withstand volatility and maintain user trust during periods of uncertainty. Security is a design choice, and our reserve model shows a long-term approach to protecting users at all times," said Gracy Chen, CEO at Bitget.
With the June update showing stronger reserves across all major assets, Bitget continues to lead among centralized exchanges in publishing independent, verifiable, and surplus-backed Proof of Reserves.
To check the updated proof-of-reserves, please visit
here.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions, while offering real-time access to
Bitcoin price,
Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League,
LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes
Buse Tosun Çavuşoğlu (Wrestling world champion),
Samet Gümüş (Boxing gold medalist) and
İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact:
[email protected]
Risk Warning:
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our
Terms of Use
.
2025-06-26
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