Key takeaways
- Bitget reported a 122% total reserve ratio in August 2026, marking its 45th consecutive monthly Proof of Reserves disclosure.
- The exchange’s Protection Fund averaged $351 million in July, with its reported value ranging between $329.8 million and $365.9 million.
- Bitget uses a Merkle-tree system and publicly listed wallet addresses to let users independently check balances included in reserve snapshots.
Bitget continues monthly reserve reporting
Cryptocurrency exchange Bitget has released its August 2026 Proof of Reserves (PoR) report, recording a total reserve ratio of 122%. The disclosure represents the exchange’s 45th consecutive monthly PoR report since it began publishing the data in December 2022.
A 122% reserve ratio indicates that the on-chain assets tracked in the August snapshot exceeded the corresponding user balances covered by the report. However, the figure represents Bitget’s position at a specific point in time rather than an ongoing measure of solvency or the equivalent of an independent financial audit.
Alongside its PoR disclosures, Bitget publishes a separate monthly report covering its Protection Fund. The latest available report covers July 2026, when the fund had an average monthly valuation of approximately $351 million.
Its value ranged from $329.8 million on July 1 to $365.9 million on July 21. These fluctuations largely reflected changes in Bitcoin’s market price, as Bitget states that the fund is backed by 5,500 BTC held separately from customer trading deposits.
According to the exchange, the Protection Fund has remained above its original $300 million commitment in every reported month since 2022. The fund is maintained at Bitget’s discretion and should not be confused with deposit insurance or a legally guaranteed compensation program.
Users can independently verify reserve snapshots
Bitget’s PoR verification system uses a Merkle-tree structure, which organizes hashed user balances into a cryptographic tree and publishes its root. This allows customers to check whether their individual balance was included in a particular reserve snapshot without revealing other users’ account information.
Users can perform the verification through Bitget’s open-source MerkleValidator tool. The exchange also publishes wallet addresses, allowing the associated blockchain balances to be independently examined using blockchain explorers.
The monthly reporting schedule puts roughly 30 days between Bitget’s reserve snapshots. OKX has similarly published monthly reserve disclosures since November 2022, although it uses zero-knowledge proof technology, while some other major exchanges follow quarterly reporting schedules.
More frequent reporting reduces the period between publicly available snapshots, but reporting cadence alone does not establish whether one exchange is safer or more financially secure than another.
Bitget operates a cryptocurrency and multi-asset trading platform serving more than 125 million users. Beyond crypto assets, the company says its Universal Exchange model provides access to products including tokenized stocks, gold, ETFs and foreign exchange through a single account.
The bottom line
Bitget’s August report extends its monthly Proof of Reserves publication streak to 45 disclosures, with tracked reserves reported at 122% of covered user balances. Its separately reported Protection Fund averaged $351 million in July and remained above the exchange’s stated $300 million commitment.
Together, the disclosures provide users with recurring snapshots of tracked reserves and the BTC-backed protection pool. They remain distinct transparency measures, however, and neither should be interpreted as deposit insurance or a replacement for a comprehensive financial audit.
