Press Release
Press Release Victoria, Seychelles 11 Jan 2023 – . Leading crypto exchange Bitget launches; F and custody servicesfor professional and institutional investors. This service provides a dedicated wallet for qualified accounts to ensure maximum protection of customer funds on the platform. The exchange also recently released the latest snapshot of its Merkle tree Proof of Reserves, reaffirming that users’ assets are held in one-to-one reserves.
To qualify for fund custody services, users must keep more than 100,000USDTworth of composite assets (including spot, futures, Bitget Earn, Fiat currency, and leverage) on theUSDT must be kept on the platform. Once the application is approved, the user will then be assigned a separate custodial wallet, separate from the main reserve, with a dedicated address for checking and withdrawing funds.
Storing assets in a separate wallet prevents the user’s funds from being affected in the event of an emergency, such as an exchange run, or a cybersecurity threat. Wallet assets are rounded up daily to ensure that users are still meeting their requirements.
Additionally, Bitget recently updated its Merkle tree snapshot as of December 31, 2022, and the latest reserve ratios for the most popular tokens are as follows.
The exchange is committed to being fully reserved, holding customer assets on the platform at a reserve ratio of at least 1:1.
Gracie Chen, managing director of Bitjet, said“Protecting our customers’ assets is important. Protecting our clients’ assets is and will remain Bitjet’s top priority.” Since the collapse of some of the bad actors in the industry, we have undertaken a series of initiatives to strengthen our protection, and in addition to the security provided by the $300 million Bitget Protection Fund and Merkle Tree Proof of Reserves, we are pleased to announce our Fund Custody Services The new service is the industry’s most advanced. This new service, with industry-leading security systems and a wallet address exclusively for qualified users, will further increase the transparency and safety of users and their funds.”
About Bitget
Founded in 2018, Bitget is the world’s leading cryptocurrency exchange with innovative products and social trading services as its main features, currently serving over 8 million users in more than 100 countries worldwide It currently serves over 8 million users in more than 100 countries.
The exchange is committed to providing its users with a secure, one-stop trading solution and has collaborated with trusted partners such as legendary Argentine soccer player Lionel Messi, the leading Italian soccer team Juventus, and official esports event organizer PGL to increase crypto penetration. to increase the penetration of crypto through collaboration.
For more information on Bitjet, see https://www.bitget.com .
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
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