Bitget Reports 45% Surge in BTC Holdings

[umair]

Hey everyone,

Bitget’s July Proof-of-Reserves report reveals a significant jump in user Bitcoin holdings, rising by 45% from 6,594 BTC in June to 9,531 BTC this month. This impressive growth reflects stronger user confidence in the platform amid Bitcoin’s stable performance around the $110,000 mark.

It’s not just Bitcoin showing an increase—other major assets on the exchange also saw substantial gains. USDT balances grew by 21%, Ethereum by 31%, and USDC by 14% over the same period. This upward trend across multiple assets suggests that more traders and investors are moving their funds to Bitget, possibly due to its focus on security and transparency.

Bitget continues to maintain a reserve ratio of over 200% across these assets. In other words, the exchange holds double the amount of funds users have deposited. This commitment to over-collateralization goes far beyond the industry standard of 100% and demonstrates Bitget’s emphasis on maintaining trust.

With regulators increasingly scrutinizing centralized exchanges, platforms offering transparent proof-of-reserves are becoming a preferred choice for both retail and institutional users. The rise in user holdings signals growing confidence that Bitget is both secure and reliable, especially during periods of high market activity.

What do you all think about this? Does seeing such a strong reserve ratio encourage you to trust centralized platforms like Bitget, or do you still prefer self-custody for your crypto?

Would love to hear your opinions on whether proof-of-reserves reports like this actually make a difference in where you trade or store your crypto.