Key takeaways Bitget reported a 122% total reserve ratio for August 2026, marking its 45th consecutive monthly Proof of Reserves disclosure. The exchange’s separate Protection Fund averaged $
Cryptocurrency exchange Bitget has published its August 2026 Proof of Reserves (PoR) report, recording a total reserve ratio of 122%. It marks the platform’s 45th consecutive monthly disclosure since the reporting program began in December 2022.
The 122% ratio means Bitget’s reported reserves for tracked assets exceeded the corresponding user balances included in the August snapshot. The exchange also provides a breakdown of individual assets as part of its PoR reporting.
The figure represents the reserves captured at a particular point in time. As such, a reserve ratio exceeding 100% should not be treated as the equivalent of a financial audit or a guarantee of the exchange’s future solvency.
Bitget separately publishes monthly valuations of its Protection Fund, which is distinct from the assets covered by its Proof of Reserves disclosures. During August, the fund recorded an average valuation of $382 million.
The fund’s value ranged from approximately $345.3 million on August 1 to $441.5 million on August 27. Its dollar valuation changes alongside Bitcoin’s market price because the reserve consists of 5,500 BTC.
Bitget established the Protection Fund in 2022 with an initial commitment of $300 million. Its reported valuation remained above that threshold throughout August.
Users can independently check reserve dataBitget uses a Merkle-tree system for its Proof of Reserves process. User balances are incorporated into a cryptographic structure, allowing individual customers to verify whether their assets were included in a particular snapshot without revealing other users’ account information.
The exchange provides open-source MerkleValidator and Proof of Reserves tools for customers who want to perform their own checks. Publicly disclosed wallet information can also be independently reviewed through blockchain explorers.
This approach provides users with a way to compare their account data against the information included in Bitget’s recurring reserve disclosures.
Bitget expands PoR coverage beyond four cryptocurrenciesBitget has also expanded the number of assets covered by the viewing and verification tools on its Proof of Reserves page. The system previously covered four cryptocurrencies but now includes more than 20 major assets.
Among the supported cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Bitget Token (BGB), XRP, Solana (SOL), Dogecoin (DOGE) and BNB.
The expanded coverage is intended to account for a broader portion of customers’ holdings when they review reserve information. Users can also check whether their assets have been incorporated through Bitget’s Personal Proof of Assets feature.
Bitget operates a cryptocurrency and multi-asset trading platform that says it serves more than 125 million users. Its Universal Exchange model combines crypto trading with access to products including tokenized stocks, ETFs, commodities, foreign exchange and precious metals.
The bottom lineBitget’s August disclosure extends its Proof of Reserves reporting streak to 45 consecutive months, with the latest snapshot showing a total reserve ratio of 122%. At the same time, its separately maintained 5,500 BTC Protection Fund averaged $382 million during the month.
The addition of more than 20 assets to Bitget’s PoR viewing and verification coverage gives users access to reserve information across a wider range of holdings. The figures remain point-in-time disclosures, however, rather than a substitute for a comprehensive financial audit.
