Bitget, recognized as the world’s largest Universal Exchange (UEX) and a significant player in the Web3 landscape, has announced the release of its October 2025 Proof of Reserves (PoR) report. This initiative is part of the company’s ongoing commitment to transparency and user protection, which involves securing core assets and offering an auditable overview of balances through a sophisticated Merkle-tree verification system.
The newly published report details a snapshot of the company’s holdings, which include approximately 10,275 BTC, 134,096 ETH, 1,773,939,676 USDT, and 108,484,792 USDC. Impressively, the reserve ratios reflect a strong level of asset backing, with 307% for BTC, 105% for USDT, 224% for ETH, and 129% for USDC, all exceeding the critical 1:1 threshold deemed sufficient.
The PoR framework adopted by Bitget utilizes a Merkle-tree methodology that condenses anonymized account balances and links them to on-chain assets. This approach allows for independent verification without disclosing any personal information. Notably, the report includes intricate details such as asset-specific coverage ratios, public wallet addresses related to reserves, and a verification script to facilitate the inclusion of balances in the tree. This process is intended to be observable and repeatable, enabling the community to independently validate the exchange’s solvency status in real-time, diverging from traditional third-party reporting methods.
Furthermore, Bitget has established a continuously updated Proof of Reserves portal, along with a distinct protection mechanism that is monitored and reported separately. These measures aim to deliver transparent evidence of asset backing, ensure the segregation of custody, and guarantee immediate fund availability to users and counterparties alike.
Gracy Chen, the CEO of Bitget, emphasized the importance of transparent reserve reporting, describing it as a fundamental expectation for exchanges. The CEO remarked that the latest update retains reserve coverage well above 100% for major assets, reinforcing the assurance that user deposits can be redeemed fully at any time.
Looking ahead, Bitget intends to sustain a regular cadence for its Proof of Reserves reports, maintain accessible historical snapshots for trend analysis, and expand reserve asset coverage as new assets reach substantial scale. The October 2025 report is currently accessible on Bitget’s transparency page, which features comprehensive datasets, wallet evidence, and self-verification tools for users.
Founded in 2018, Bitget has grown to serve over 120 million users, providing access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets from a single platform. The exchange focuses on equipping users with smarter trading capabilities through AI-powered tools and fostering interoperability across various blockchain networks, including Bitcoin, Ethereum, Solana, and BNB Chain.
Moreover, Bitget is actively contributing to the crypto adoption narrative through strategic partnerships. It serves as the Official Crypto Partner for prominent sports organizations, including LALIGA in Eastern, SEA, and LATAM markets. The exchange has also collaborated with UNICEF to spearhead blockchain education initiatives aimed at reaching 1.1 million individuals by 2027. In motorsports, Bitget holds the exclusive cryptocurrency exchange partnership with MotoGP™, a collaboration that underscores its commitment to enhancing market presence and driving global crypto adoption.
