Crypto exchange Bitget reports $1.44 billion in reserves

Crypto exchange Bitget reports .44 billion in reserves

Cryptocurrency exchange Bitget’s blog says that its total reserves are about $1.44 billion. The lion’s share of these funds is held in Bitcoin, Tether, Ethereum and USDC. All Bitget capital is distributed among 31 digital assets.

Bitget tops the list of the most popular bitcoin exchanges in Latin America, and the number of its users is constantly growing.

The press service of the company emphasized that investors can be calm, since the exchange has sufficient reserves to fully fulfill obligations to them.

Bitget earns income in the form of transaction fees, as well as through successful investments.

The User Protection Fund is $300 million. The Exchange publishes monthly financial statements and engages independent auditors to assess their real state.