As of July 11, Bitget has a verified reserve balance of more than $1.44 billion in 31 digital assets, according to data from analytics portal Coinmarketcap. Bitget is therefore committed to achieving higher standards of reservation and transparency, which can then spread across the industry,” assured Bitget’s managing director Gracy Chen.
Gracy Chen talked about the launch of Merkle’s Validator service, which allows you to verify the security of your assets within a tree structure of data in a few steps. Bitget has created a $300 million User Protection Fund to cover traders’ losses in the event of account compromise or asset loss due to events beyond their control.
Earlier, experts at analytics firm Nansen reported that despite a general drop in trading volumes in the digital asset market following the collapse of the FTX exchange, three trading platforms significantly benefited from the crypto giant’s downfall. The Kraken and Bybit exchanges showed growth in commission revenue from spot trading, while Bitget increased revenue from derivatives trading.