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

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

Bitget2023/07/10 01:35

By:Bitget

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.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Last week, Vitalik Buterin and CZ hosted the DeSci (Decentralized Science) conference at Devcon, where Vitalik unveiled the first DeSci product. CZ also expressed ambitions to see 1000 DeSci products next year, sparking widespread attention to the DeSci concept across the industry. Key speculative projects, RIF and URO, each surpassed a market cap of $100 million. As the sector continues to grow, DeSci remains an area worth close attention.

Bitget•2024/11/22 06:24