Holding 100% of Users' Assets with Proof of Reserves | Bitget Best Crypto Exchange Platform

Latest reserve ratio

The reserve ratio is calculated by dividing the platform's assets by user assets. A ratio of 100% or higher means the platform can fully cover all user assets.

Merkle root hash

The Merkle tree, generated from all user balances, has 26 layers and 43,730,592 records.

7a9b97198947c5b8

%7a9b97198947c5b

Total reserve ratio

Bitget holds more than 100% of user assets in BTC, ETH, USDT, and USDC.

175%

%175

BTC	34,880.23 BTC	11,604.21 BTC	301% %301 Sufficient reserves
USDT	1,686,902,535.02 USDT	1,679,245,933.07 USDT	100% %100 Sufficient reserves
ETH	289,720.65 ETH	158,064.99 ETH	183% %183 Sufficient reserves
USDC	208,767,781.43 USDC	161,918,125.34 USDC	129% %129 Sufficient reserves

What is Proof of Reserves?

“Proof of Reserves” is an auditing method that verifies an exchange’s holdings through cryptographic proofs, public wallet ownership, and regular audits. This process ensures transparency and proves that the exchange holds liquid on-chain reserves equal to or greater than all user assets.

To achieve this, Bitget stores the hash of each user’s assets in a leaf node on the Merkle tree. Users can verify that their assets are included by checking the total amount of user assets recorded in the leaf nodes.

If the total verified amount is 100% or higher, the platform demonstrates its ability to fully cover all user assets.

Bitget's open-source Proof of Reserves code is available on GitHub.

View here

Our commitment to maximum transparency

1. Each month, we take snapshots of all the assets held in our wallets and make them available publicly.

2. We take monthly snapshots of each user's assets and publish them after removing sensitive data.

3. Users can verify their assets anytime with just a few simple steps.

Why is a 100% reserve ratio important?

Inability to maintain 100% reserves

Indicates potential asset misappropriation.

Limited risk tolerance for black swan events.

Large-scale withdrawals can trigger a bank run, potentially resulting in the loss of user assets.

Maintaining 100% reserves

Demonstrates that the platform holds sufficient reserves at all times.

Enhances the security of users' assets.

Ensures the platform can cover all withdrawals, even in a 100% withdrawal scenario.

Maintaining 100% reserves

Demonstrates that the platform holds sufficient reserves at all times.

Enhances the security of users' assets.

Ensures the platform can cover all withdrawals, even in a 100% withdrawal scenario.

Inability to maintain 100% reserves

Indicates potential asset misappropriation.

Limited risk tolerance for black swan events.

Large-scale withdrawals can trigger a bank run, potentially resulting in the loss of user assets.

Bitget reserve details

Block height

Binance Smart Chain block height: 71663723

BITCOIN block height: 927901

Bitlayer block height: 17824119

Lightning Network block height: 176574967

Merlin Chain block height: 26165523

APTOS block height: 527700288

Arbitrum One block height: 410685287

AVAX C-Chain block height: 73747253

Binance Smart Chain block height: 71664585

BTTC block height: 61337804

Ethereum block height: 24013692

Morph block height: 19189729

Optimism block height: 145075649

Plasma block height: 8819698

Polygon block height: 80322463

Solana block height: 386727307

The Open Network block height: 55015286

Tron block height: 78362564

Alienxchain block height: 2269475

Arbitrum Nova block height: 84419741

Arbitrum One block height: 410688103

BASE block height: 39480686

Binance Smart Chain block height: 71665115

Blast block height: 28470471

Eclipse block height: 120871799

Ethereum block height: 24013772

Fuel block height: 40547302

LINEA block height: 26692658

Manta NetWork block height: 7152626

Metal DAO L2 block height: 27093595

Mind Network block height: 49522133

Mint Chain block height: 25070886

Mode block height: 32791479

Morph block height: 19189817

Optimism block height: 145075964

SCROLL block height: 26559166

Starknet block height: 4313744

Swell Network block height: 16527027

Taiko block height: 3643763

World Chain block height: 23207539

Zircuit block height: 22907242

zkLink Nova block height: 8171713

zkSync Era block height: 67030090

APTOS block height: 527707197

Arbitrum One block height: 410688717

AVAX C-Chain block height: 73747589

BASE block height: 39480755

Binance Smart Chain block height: 71665273

DYDX block height: 67460943

Ethereum block height: 24013787

Monad block height: 42068825

Morph block height: 19189854

Noble block height: 40971386

Optimism block height: 145075991

Polygon block height: 80322658

SEIEVM block height: 183999257

Solana block height: 386729230

SONIC block height: 57943954

ZKFair block height: 29567193

Block height

BTC	11,604.21194648 BTC BTC 11604.21194648	33,842.64501136 BTC 1,017.85622348 BTC 0.0465443 BTC 19.66718057 BTC 0.01856211 BTC	BITCOIN Binance Smart Chain Bitlayer Lightning Network Merlin Chain	%301 301%
USDT	1,679,245,933.0744631 USDT USDT 1679245933.0744631	51,614,266.733702 USDT 29,145,954.004083 USDT 60,132,022.994088 USDT 36.643412 USDT 488,015,272.8932224 USDT 532,317,879.017391 USDT 832,466.960218 USDT 16,713,525.438476 USDT 486,398.75566 USDT 33,562,180.138461 USDT 32,746,703.40188 USDT 27,783,776.281862 USDT 413,552,051.758935 USDT	APTOS AVAX C Arbitrum One BTTC Binance Smart Chain Ethereum Morph Optimism Plasma Polygon Solana The Open Network Tron	%100 100%
ETH	158,064.9939628 ETH ETH 158064.9939628	9.91419354 ETH 1.0269348 ETH 15,275.27887672 ETH 6,274.41012875 ETH 22,835.08054818 ETH 140.49166183 ETH 9.78769249 ETH 242,273.90272887 ETH 78.73088632 ETH 62.52727812 ETH 14.34823405 ETH 10.0348624 ETH 10.11199869 ETH 10.2381212 ETH 5.55087646 ETH 847.30695771 ETH 579.04061517 ETH 263.36955197 ETH 536.3105254 ETH 9.99867883 ETH 396.75362122 ETH 5.86874347 ETH 12.74997968 ETH 12.07506563 ETH 45.73950513 ETH	Alienxchain Arbitrum Nova Arbitrum One BASE Binance Smart Chain Blast Eclipse Ethereum Fuel LINEA Manta NetWork Metal DAO L2 Mind Network Mint Chain Mode Morph Optimism SCROLL Starknet Swell Network Taiko World Chain Zircuit zkLink Nova zkSync Era	%183 183%
USDC	161,918,125.3427051 USDC USDC 161918125.3427051	5,377,847.684859 USDC 1,437,384.049137 USDC 24,303,582.30806 USDC 7,890,404.352668 USDC 5,099,672.75529043 USDC 97,276.720625 USDC 119,332,504.05125 USDC 1,617,353.91743 USDC 948,369.819316 USDC 3,200,586.467347 USDC 3,953,949.612874 USDC 12,699,763.716218 USDC 2,474,869.089079 USDC 9,625,508.920305 USDC 10,708,071.766738 USDC 636.19941012 USDC	APTOS AVAX C Arbitrum One BASE Binance Smart Chain DYDX Ethereum Monad Morph Noble Optimism Polygon SEIEVM SONIC Solana ZKFair	%129 129%

Users' assets

1679245933.0744631 USDT

Platform's assets

51614266.733702 USDT

Public chain

APTOS

Platform's assets

29145954.004083 USDT

Public chain

AVAX C

Platform's assets

60132022.994088 USDT

Public chain

Arbitrum One

Platform's assets

36.643412 USDT

Public chain

BTTC

Platform's assets

488015272.8932224 USDT

Public chain

Binance Smart Chain

Platform's assets

532317879.017391 USDT

Public chain

Ethereum

Platform's assets

832466.960218 USDT

Public chain

Morph

Platform's assets

16713525.438476 USDT

Public chain

Optimism

Platform's assets

486398.75566 USDT

Public chain

Plasma

Platform's assets

33562180.138461 USDT

Public chain

Polygon

Platform's assets

32746703.40188 USDT

Public chain

Solana

Platform's assets

27783776.281862 USDT

Public chain

The Open Network

Platform's assets

413552051.758935 USDT

Public chain

Tron

Users' assets

158064.9939628 ETH

Platform's assets

9.91419354 ETH

Public chain

Alienxchain

Platform's assets

1.0269348 ETH

Public chain

Arbitrum Nova

Platform's assets

15275.27887672 ETH

Public chain

Arbitrum One

Platform's assets

6274.41012875 ETH

Public chain

BASE

Platform's assets

22835.08054818 ETH

Public chain

Binance Smart Chain

Platform's assets

140.49166183 ETH

Public chain

Blast

Platform's assets

9.78769249 ETH

Public chain

Eclipse

Platform's assets

242273.90272887 ETH

Public chain

Ethereum

Platform's assets

78.73088632 ETH

Public chain

Fuel

Platform's assets

62.52727812 ETH

Public chain

LINEA

Platform's assets

14.34823405 ETH

Public chain

Manta NetWork

Platform's assets

10.0348624 ETH

Public chain

Metal DAO L2

Platform's assets

10.11199869 ETH

Public chain

Mind Network

Platform's assets

10.2381212 ETH

Public chain

Mint Chain

Platform's assets

5.55087646 ETH

Public chain

Mode

Platform's assets

847.30695771 ETH

Public chain

Morph

Platform's assets

579.04061517 ETH

Public chain

Optimism

Platform's assets

263.36955197 ETH

Public chain

SCROLL

Platform's assets

536.3105254 ETH

Public chain

Starknet

Platform's assets

9.99867883 ETH

Public chain

Swell Network

Platform's assets

396.75362122 ETH

Public chain

Taiko

Platform's assets

5.86874347 ETH

Public chain

World Chain

Platform's assets

12.74997968 ETH

Public chain

Zircuit

Platform's assets

12.07506563 ETH

Public chain

zkLink Nova

Platform's assets

45.73950513 ETH

Public chain

zkSync Era

Users' assets

161918125.3427051 USDC

Platform's assets

5377847.684859 USDC

Public chain

APTOS

Platform's assets

1437384.049137 USDC

Public chain

AVAX C

Platform's assets

24303582.30806 USDC

Public chain

Arbitrum One

Platform's assets

7890404.352668 USDC

Public chain

BASE

Platform's assets

5099672.75529043 USDC

Public chain

Binance Smart Chain

Platform's assets

97276.720625 USDC

Public chain

DYDX

Platform's assets

119332504.05125 USDC

Public chain

Ethereum

Platform's assets

1617353.91743 USDC

Public chain

Monad

Platform's assets

948369.819316 USDC

Public chain

Morph

Platform's assets

3200586.467347 USDC

Public chain

Noble

Platform's assets

3953949.612874 USDC

Public chain

Optimism

Platform's assets

12699763.716218 USDC

Public chain

Polygon

Platform's assets

2474869.089079 USDC

Public chain

SEIEVM

Platform's assets

9625508.920305 USDC

Public chain

SONIC

Platform's assets

10708071.766738 USDC

Public chain

Solana

Platform's assets

636.19941012 USDC

Public chain

ZKFair

1371 users have verified the authenticity of this data.

View here

Bitget wallet details

USDC	Noble	noble1p72gv5ferc9rzve0hxghll96u4uzq8xkd4r9sc	53.99755	40971386
USDC	Noble	noble19unkeazc0wns2azf8gu55e8wzau4dfavs4gnh6	40.106446	40971386
USDC	Noble	noble19t7ee93jj02qu2th7xhqhjvruj5w3wje0d7q99	30.506036	40971386
USDC	Noble	noble1dcmrx38hx4cmmycnyqnvartl9nvhf696x5qym9	24.905265	40971386
USDC	Noble	noble1q9p9tusczxf8w5zhx2lwrtsdeuq6eh9y85xtg7	25	40971386
USDC	Noble	noble15snv8a8473qu3z7pxhz2g6tas2raavpat37f0z	26	40971386
USDC	Noble	noble1ustdfnt420qrecws63a5qamfk8n9m8rfkqzxcd	43	40971386
USDC	Noble	noble1f86k4aca34xzwzg2w2w6h2g85mexzyp9ycjavp	32.5	40971386
USDC	Noble	noble1lnav9dcwm6d84y87cq4zdgfa4ysp5wks9dt9hj	29	40971386
USDC	Noble	noble1085rgpwjtcjf5ktqrvwymmxtgu59fmumg83k57	34	40971386

Merkle tree basics

A Merkle Tree is primarily used to verify data integrity more efficiently. Each account is represented by an account node at the bottom, and the balances and account names of each account are hashed once using SHA256. The obtained hash value is then combined with the adjacent one and hashed again, layer by layer upwards, until the hash calculation reaches the root of the Merkle Tree.

As shown in the figure below: