Idfc Reporting System: A Total Reserve Ratio Of 171% On Transparent NOW

Shraddha

Rapid Reporting System,

Bit get is still reporting on transparent auditing in the cryptocurrency space.

With a total reserve ratio of 171%, Bit get—the top cryptocurrency exchange and Web3 company in the world—reaffirms its commitment to thorough transparency in its most recent monthly report on Proof of Reserves (PoR).

Bridget’s dedication to guaranteeing that user funds are completely backed 1:1 and always accessible is demonstrated by this Po report.

 

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The Po data from December 2023 highlights Bit get’s commitment to upholding stability and robust financial health. Bit get’s assurance to safeguard user assets is bolstered by the evidence of liquid on-chain reserves surpassing total user holdings.

Bit get’s total reserves surpassed US$1.7 billion as of December 7, according to data from Coin market cap. These reserves included a range of noteworthy digital assets, such as BTC, ETH, USDT, USDC, and others.

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Transparency is very important, and Bit get’s Managing Director, Gracy Chen, emphasised this: “Bit get is committed to giving its users the best possible security and transparency.”

To foster unwavering confidence in our platform, we place high priority on both financial stability and technical resilience. We are extremely proud to be the major exchange with the strongest reserve ratio.

This unwavering commitment to financial stability strengthens users’ faith in Bit getas reputable cryptocurrency exchange.

Bit get’s dedication to openness is consistent with its main goal of improving user asset security. Apart from ensuring user safety, Bit get has established Protection Fund and releases monthly valuation report.

The fund’s purpose is to compensate for losses brought on by lost property, compromised accounts, or unanticipated circumstances.

Concerning Bit get Bit get

is the premier cryptocurrency exchange and web3 company in the world, having been founded in 2018. With its innovative copy trading feature and other trading solutions, the Bit get

exchange, which serves over 20 million users across more than 100 countries and regions, is dedicated to assisting users in trading more intelligently

. Bit get Wallet, formerly known as Bit Keep, is top-notch multi-chain cryptocurrency wallet that provides wide range of feature-rich Web3 solutions, such as swap, NFT Marketplace, D App browser, and wallet functionality.

Through partnerships with reputable companies like official e Sports event organiser PGL and legendary Argentine football player Lionel Mess, Bit get encourages people to embrace cryptocurrency.

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