Bitget, the world’s largest Universal Exchange (UEX), has released its Proof of Reserves (PoR) report for October 2025. The report is part of the company’s monthly transparency and user protection program. The company confirms the existence of key assets and provides auditability of balances using a Merkle Tree-based verification system.
Bitget, the world’s largest Universal Exchange (UEX), has released its Proof of Reserves (PoR) report for October 2025. The report is part of the company’s monthly transparency and user protection program. The company confirms the existence of key assets and provides auditability of balances using a Merkle Tree-based verification system.
User balances and reserve coverage ratios are posted on the PoR transparency page, along with wallet confirmations and a self-verification tool that allows account holders to verify the inclusion of their balance using anonymous identifiers, and includes data for BTC, ETH, USDT, and USDC.
According to an October report, Bitget accounts hold approximately:
The reserve coverage ratios are:
All values exceed the 1:1 ratio and confirm the presence of sufficient reserves.
Bitget’s PoR system uses a Merkle tree methodology that combines anonymized user balances and correlates them with on-chain holdings, allowing for independent verification without revealing personal data. The report includes data for each asset, public addresses of backup wallets, and a script for self-verifying the inclusion of balances in the tree. The process is designed to be reproducible and observable, allowing the community to confirm the solvency of the exchange at a specific point in time without relying solely on third-party audit reports.
Transparency measures also include a continuously updated PoR portal and a separate asset protection mechanism, which is assessed and published separately. These tools provide users, counterparties and the market at large with proof of the existence of reserves, segregated storage of funds and their immediate availability.
“Transparent reserve reporting is a basic standard for all exchanges,” said Gracie Chen, CEO of Bitget . “The October update shows that the coverage of underlying assets is consistently above 100%, confirming that user deposits remain fully liquid at all times.”
Bitget plans to continue publishing PoR reports on a regular basis, maintain historical snapshots for analysis over time, and expand coverage as the share of new assets increases.
The October 2025 report is now available on the transparency page with full data, wallet confirmations, and tools for user self-verification.
Founded in 2018, Bitget is the world's largest Universal Exchange (UEX). Serving over 120 million users in 150+ countries and regions, Bitget aims to help users trade smarter with its innovative copy trading feature and other trading solutions, while providing real-time access to BTC, ETH, and other cryptocurrencies.
Bitget Wallet is a leading non-custodial crypto wallet supporting over 130 blockchains and millions of tokens. It provides multi-chain trading, staking, payments, and direct access to over 20,000 DApps, combining advanced swaps and market analytics in one platform.
Bitget is driving the mass adoption of cryptocurrencies through strategic partnerships, such as being the official crypto partner of the world’s top football league, LA LIGA, in the markets of Eastern Europe, Southeast Asia and Latin America. As part of its global strategy, Bitget is also collaborating with UNICEF, supporting blockchain education for
1.1 million people by 2027. In the world of motorsport, Bitget is the exclusive crypto exchange partner of MotoGP™, one of the most exciting championships.
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