Crypto Exchange Bitget Says its Reserves Amount to $1.44B

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Popular cryptocurrency exchange Bitget has recently revealed that its total reserves amount to $1.44 billion. Most of these funds are held in Bitcoin, Tether, Ethereum and USDC.

All reserves of Bitget are distributed among 31 different digital assets. It has been noted that the number of people using the platform is constantly increasing, making it the most popular exchange in Latin America.

To ensure the security and satisfaction of its users, Bitget proclaims that it has sufficient funds to meet all its obligations.

Income for the exchange is generated through transaction fees, as well as successful investments.

Additionally, the company has a User Protection Fund of $300 million which is closely monitored through monthly financial statements and independent auditors.