Xie Jiayin said that Bitget 19 mainstream assets had a reserve ratio of 131%, with the protection fund topped up to 3705 units of BTC
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AT A GLANCE
Bitget said that 19 mainstream assets had a reserve ratio of 131%, with the protection fund at approximately 316000000 USD。
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Xie Jiayin:Bitget 19 mainstream assets reached a reserve ratio of 131%, and the user protection fund increased to 316000000 USD
PANews October 4 According to news from Bitget's Greater China head, Xie Jiayin disclosed that Bitget the latest proof of reserves shows that its 19 mainstream assets reached a reserve ratio of 131%. In addition,Bitget the user protection fund (proprietary funds) has been topped up to 3705 units of BTC, currently worth approximately 316000000 USD。
PANews reported on October 4,Bitget and Xie Jiayin, its Greater China head, disclosed the relevant information.
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Bitget said that its 19 mainstream assets had a reserve ratio of 131%。
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Bitget The user protection fund consists of proprietary funds and has been topped up to 3705 units of BTC, currently worth approximately 316000000 USD。
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Bitget announced the launch of the “Peer Program,” under which trading and asset customers can share the platform's revenue continuously for 4 weeks, 30%excluding the institutional segment.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The reserve ratio is the proportion of assets held by the platform to the corresponding user assets or liabilities.Bitget This disclosure covered the reserve ratio, the size of the protection fund, and a revenue-sharing program, but the evidence did not provide independent audit or on-chain verification materials.
Why it matters to readers
This information concerns the platform's asset reserves and the size of its user protection fund, helping readers understand Bitget the publicly disclosed fund protection arrangements.
For beginners, the reserve ratio and user protection fund are indicators to consider when assessing a trading platform's disclosure of fund protection, but disclosure itself does not mean that independent verification has been completed.
Risks and unknowns
The evidence does not indicate whether the proof of reserves, liability scope, and wallet addresses are available for independent verification.
3705 units of BTC The evidence does not indicate whether the protection fund's holdings and valuation have been verified by a third party.
The evidence does not indicate 131%the specific methodology used to calculate the reserve ratio.
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reserve ratio
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