Bitget Crypto Exchange Announces Debt-Free Status and $1.44 Billion Reserves in July Report
Bitget crypto exchange has announced that its reserves have reached a high of $1.44 billion, and that it is officially debt-free. As per Bitget’s announcement, the exchange’s overall reserve ratio now stands at 223%, mor...
As per Bitget’s announcement, the exchange’s overall reserve ratio now stands at 223%, more than twice the standard 100% (or 1-to-1) backing that is expected of all exchanges in the industry.
Broken down into different digital assets, the exchange said it has a reserve ratio of 454% for Bitcoin (BTC), 135% for Tether (USDT) and 171% for Ether (ETH)....
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