Bitget Releases July Reserve Proofs, BTC and ETH Reserve Rates at 454% and 171% Respectively

Cryptocurrency trading platform Bitget has released its eighth Proof of Asset Reserves (snapshot taken on July 6 at 16:00 GMT), with BTC reserves at 454%, USDT reserves at 135%, ETH reserves at 171% and USDC reserves at 2604%. User BTC assets amounted to 2,311.23 coins, user ETH assets amounted to 1.12 million coins, and user USDT assets amounted to 346 million coins.

In previous news, blockchain analytics platform Nansen recently released a report on the changing landscape of CEX. According to the report, users need more transparency and protection from CEX to ensure the safety of their assets due to the multiple black swan events at the end of 2012. Among the mainstream centralized trading platforms, Bitget is one of only two platforms to make public the address of its protection fund wallet.