Crypto exchange Bitget has published its October 2025 Proof of Reserves (PoR) report, reaffirming its commitment to transparency and user protection. The data confirms that all core assets are backed by reserves exceeding 100%, with Bitcoin coverage reaching an impressive 307%.
Full Transparency Backed by Merkle Tree Verification
According to Bitget, the PoR framework allows users to independently verify their balances through a Merkle Tree–based validation system. This model enables account holders to confirm their holdings via anonymized identifiers while ensuring complete on-chain verifiability.
The transparency portal provides real-time access to wallet addresses, reserve ratios, and verification tools, covering key assets including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).
October 2025 Snapshot: Deposits and Reserve Ratios
According to the latest report, Bitget users currently hold:
- 10,275 BTC
- 134,096 ETH
- 1,773,939,676 USDT
- 108,484,792 USDC
Corresponding reserve coverage ratios are as follows:
- BTC – 307%
- ETH – 224%
- USDT – 105%
- USDC – 129%
All assets maintain coverage well above the 1:1 benchmark, underscoring Bitget’s ability to fully meet withdrawal demands at any time.
Audit-Ready and Reproducible System
Bitget’s Proof-of-Reserves mechanism integrates Merkle Tree technology to aggregate anonymized user balances and match them against on-chain holdings. This system ensures independent, verifiable auditing without exposing personal data.
Each report includes:
- On-chain wallet addresses,
- Reserve verification scripts,
- Asset-specific breakdowns,
- Tools for community-driven validation.
The process is designed to be fully reproducible and observable, allowing anyone to verify the exchange’s solvency in real time — without relying solely on third-party auditors.
Commitment to Transparency
Bitget emphasized that transparent reserve reporting is a baseline standard for all exchanges.
“Our October update demonstrates that coverage across major assets consistently exceeds 100%, ensuring user deposits remain fully liquid and secure at all times,”
— said Gracy Chen, CEO of Bitget.
In addition to PoR, Bitget maintains a dedicated Asset Protection Fund and an ever-updating transparency portal. The exchange plans to continue publishing regular PoR reports, maintaining historical snapshots, and expanding coverage as new assets are added.
The full October 2025 Proof-of-Reserves report is now available on Bitget’s transparency page, complete with wallet confirmations and self-verification tools.
