Bitget Publishes November PoR with 324% BTC Reserves

Bitget Releases November 2025 Proof of Reserves (PoR) with 324% Coverage in Bitcoin (BTC) for Users’ Reserves

Press release

Victoria, Seychelles, November 25, 2025 — Bitget, the world’s largest Universal Exchange (UEX) and Web3 company, has released its November 2025 Proof of Reserves (PoR) report as part of its monthly transparency and user protection commitment. Bitget continues to secure core assets and provide an auditable view of user balances through a Merkle-tree verification system. The snapshot covers BTC, ETH, USDT, and USDC, with updated user balances and reserve ratios published on the PoR transparency page, alongside wallet attestations and a self-check tool enabling account holders to verify inclusion using anonymized identifiers.

The November ledger shows user assets at approximately 9,936 BTC, 128,842 ETH, 1,661,685,866 USDT, and 122,140,147 USDC. Corresponding reserve ratios stand at 324% for BTC, 106% for USDT, 218% for ETH, and 132% for USDC—each exceeding the 1:1 threshold and marked as fully sufficient.

Compared with October, user asset balances shifted in line with broader market repositioning:

BTC, USDT, ETH user balances slightly declined 3-6% month-on-month, while BTC reserve coverage increased significantly from 307% to 324%, and other coverage still remains on par with industry standard, reinforcing Bitget’s strong over-collateralization.
USDC user balances increased 13%, showing renewed demand for regulated stablecoins; Bitget expanded holdings accordingly, maintaining a 132% reserve ratio.

Bitget’s PoR framework uses a Merkle tree to aggregate anonymized balances and map them to publicly verifiable on-chain holdings. This allows independent validation of solvency without revealing personal information. The attestation package includes asset-level coverage ratios, reserve wallet addresses, and a verification script for cross-checking inclusion in the Merkle tree. The process is designed to remain observable, repeatable, and independently verifiable, enabling community scrutiny beyond a periodic third-party report.

These transparency measures are supported by Bitget’s continuously updated PoR portal and a separately maintained protection mechanism, which offer users and counterparties clear evidence of reserve backing, custody segregation, and the immediate availability of funds.

“Transparent reserve reporting is foundational for exchanges,” said Gracy Chen, CEO at Bitget. “The November update again keeps every major asset above 100% and shows the operational discipline required to ensure world-class security and protection.” Bitget will continue its consistent PoR publication schedule, retain historical snapshots for longitudinal analysis, and expand coverage as additional assets reach material scale. The November 2025 PoR report is now live on the transparency page with complete datasets, wallet attestations, and user self-verification tools.

To check the updated proof-of-reserves, please visit here.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform to on/off ramp, trade, earn, and pay seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use .

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