Bitget’s April 2025 Proof of Reserves Report: User Assets Backed by 191%—Because Apparently, 100% Is for Amateurs

Bitget just dropped its April 2025 Proof of Reserves report, and the numbers are eye-popping—191% reserve ratio for user assets. That’s right, nearly double the required backing. Meanwhile, traditional banks are still playing catch-up with their fractional reserve shenanigans.

No Smoke, Just Mirrors?

In a world where crypto exchanges occasionally vanish with user funds (looking at you, 2022), Bitget’s latest audit is a flex. Independent verification confirms cold wallets are stacked, and liabilities are covered—with room to spare. Take notes, legacy finance.

The Cynic’s Corner

Sure, 191% sounds impressive—until you remember most banks operate on ‘hope and a prayer’ reserves. Maybe crypto’s obsession with over-collateralization is just trauma from past blowups. Or maybe it’s the future. Either way, users win.

The top cryptocurrency exchange and Web3 provider, Bitget, has released its Proof of Reserves (PoR) report for April 2025, demonstrating its ongoing dedication to openness and the protection of customer assets. With an industry-leading 191% total reserve ratio and extremely safe, collateralized reserves, Bitget is fully backed by all user cash, according to the latest verification.

With April’s reserves verification demonstrating strong collateralization across all major cryptocurrencies—BTC reserves stand at an impressive 369%, ETH at 148%, and stablecoins remain firmly protected with USDT at 117% and USDC at 217%—Bitget continues to uphold its gold standard in asset protection. All of these numbers add up to Bitget’s remarkable 191% overall reserve ratio, which includes sizeable buffers above and beyond full backing requirements.

The fact that Bitget’s reserve ratios consistently exceed 100% indicates that user assets are fully covered by additional reserves for added protection. The exchange’s 191% overall reserve ratio, which is far higher than that of many of its contemporaries in the sector, solidifies its standing as one of the most reliable cryptocurrency platforms.

Through the use of Merkle Tree verification, Bitget’s monthly Proof of Reserves (PoR) audits enable users to verify their holdings independently at any time. To further bolster user confidence, the exchange also maintains a $610 million Protection Fund.

Gracy Chen, CEO of Bitget, stated: “Security and trust are the foundation of everything we do at Bitget. Our April Proof of Reserves report once again proves that user funds are not only fully backed but held with substantial reserves beyond requirements. We remain committed to setting the highest standards in transparency and asset protection.”