Bitget said it has published 46 consecutive monthly Proof of Reserves reports since December 2022, reporting a 135% aggregate reserve ratio as of September 2026, as the exchange marks its eighth anniversary with an expansion into tokenized exposure to U.S. stocks, gold and foreign exchange.
The company said it now serves more than 125 million users and is building what it calls a “panoramic exchange” model, where customers can access crypto and selected traditional-market products through a unified account. The strategy moves Bitget beyond its origins as a crypto derivatives venue and places greater pressure on the platform’s systems for collateral management, surveillance and asset segregation.
Bitget’s chief legal officer, Ng, linked the multi-asset expansion to the exchange’s reserve disclosures and its user protection fund. The company presented those mechanisms as part of a wider framework intended to support activity across markets with different trading hours, volatility profiles and settlement structures.
Reserve disclosures have expanded to 19 assets
According to Bitget, its reserve-reporting program has remained monthly since its launch nearly four years ago. The exchange said its reported reserve ratio has averaged above 120% during that period, while the number of assets included in the reports rose from four to 19, including the token backed by physical gold, XAUT.
Proof of Reserves is designed to give customers a way to verify that their account balances are included in an exchange’s stated liabilities. Bitget said it uses a Merkle Tree system, a cryptographic data structure that lets users check whether their holdings appear in the reserve data without exposing other users’ balances.
A reserve ratio above 100% indicates that the platform reports holding more of the covered assets than it owes to customers for those assets. The measure does not, by itself, offer a full assessment of a company’s financial condition, since it is separate from questions around corporate liabilities, asset custody arrangements and the treatment of products outside the reported asset set.
For traders using a platform that combines crypto collateral with stock-linked, foreign-exchange or commodity products, the scope of those reserve reports becomes more consequential. A unified account can reduce the need to move capital between specialized platforms, but it also concentrates more trading activity within one venue’s risk-management system.
Protection fund reported at $382 million in August
Bitget said it established its user protection fund in 2022 with an initial value of $300 million. Its average valuation in August 2026 was about $382 million, according to the company.
The fund is intended to provide an additional financial buffer in specified circumstances, separate from the reserves the exchange says it holds for customer assets. Bitget did not present the fund as a replacement for Proof of Reserves. The two mechanisms address different risks: reserves concern the stated backing of customer balances, while protection funds are generally intended to cover certain losses or emergency events under platform-defined conditions.
The exchange also described a set of account-security features, including two-factor authentication, FIDO2 and WebAuthn passkeys, anti-phishing codes and device-management tools. FIDO2 and WebAuthn allow users to authenticate through cryptographic credentials held on a device, reducing dependence on passwords that can be stolen through phishing attacks.
Bitget said its controls also include withdrawal protections, trade monitoring, abnormal-behavior detection and anti-fraud systems. These safeguards target account takeovers and unauthorized transfers, which remain among the most direct operational risks for exchange users regardless of the assets being traded.
Multi-asset accounts raise isolation demands
Bitget’s proposed unified account model would allow users to deploy digital-asset holdings as collateral for trading other instruments without repeatedly transferring funds across separate applications. That can make capital more efficient for active traders, especially when moving between crypto markets and products linked to traditional assets.
It also creates a need for clear risk boundaries. A sudden move in one market should not automatically place unrelated customer holdings or product pools under stress. Bitget said its internal UEX Security Standard addresses verifiable solvency, risk isolation across assets, privacy protections, dynamic monitoring and defenses for applications and infrastructure.
The company said it introduced a Market Integrity and Token Accountability Framework earlier in 2026 to monitor listed tokens, project teams and market makers on an ongoing basis. Under that framework, Bitget said it can issue risk notices, limit account functions, freeze accounts, halt trading or delist assets.
Such measures give an exchange tools to respond to suspected manipulation, liquidity deterioration or project-related concerns. Their use can also directly affect traders holding a token when normal trading conditions are disrupted, making the platform’s disclosure practices and enforcement criteria relevant beyond the initial listing process.
Compliance footprint spans 10 jurisdictions
Bitget said it has obtained registrations, licenses or approvals in Argentina, Australia, El Salvador, Georgia’s Tbilisi Free Zone, Mauritius, Mexico, New Zealand, South Africa, Switzerland and the United Kingdom.
The company said it continues to update its know-your-customer and know-your-business procedures, alongside anti-money-laundering, counter-terrorist-financing, sanctions-screening and transaction-monitoring controls. It also said it maintains communication with regulators in the jurisdictions where it operates.
The anniversary update presents Bitget’s expansion as dependent on combining broader product access with visible reserve reporting, user safeguards and market controls. Whether a unified trading account gains traction will depend partly on the practical details behind those systems: how collateral is valued, how losses are contained across products, and how quickly the platform can act when market conditions deteriorate.
Want deeper insight into exchange transparency? Learn how Merkle Trees power Proof of Reserves and strengthen user asset protection.
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