Bitget reports 122% reserves and a $351 million protection fund
- —Bitget's reserve ratio for August 2026 was 122%, its 45th consecutive report
- —Average protection fund value in July was $351 million, range $329.8-365.9 million
- —The fund is backed by 5,500 BTC and has stayed above the stated $300 million since 2022
- —Reserve verification uses a Merkle tree and the open MerkleValidator tool
Why it matters: Regular PoR reports improve exchange transparency but do not replace an independent audit and are not deposit insurance.
Source: Coinpaper