Bitget Partners with Space and Time for Enhanced Financial Transparency

Strategic Partnership for Transparency

Bitget, a leading derivatives trading platform, has announced a strategic partnership with Space and Time, a decentralized data warehouse. This collaboration aims to enhance transparency in exchange operations, providing users with a verifiably tamperproof audit trail of data and computations.

Pioneering Decentralized Data Integration

Bitget is the first centralized exchange to integrate a decentralized data warehouse. This partnership allows Bitget to assure its users that the platform holds the assets it claims, leveraging Space and Time's trustless data management capabilities. Users can expect complete transparency regarding the exchange’s activities, liquidity, assets, and liabilities.

Proof-of-Reserves Initiative

In a move to demonstrate its commitment to transparency, Bitget has launched a Proof-of-Reserves (POR) page. Using cryptographic-audited Merkle tree methods, Bitget provides verifiable evidence that users’ assets on the platform are secure. This initiative underscores Bitget's full-reserve exchange status.

Building Trust Through Transparency

The collaboration with Space and Time allows Bitget to offer proof of accounting, ensuring that all exchange operations are valid and verifiable. This partnership is expected to inspire confidence in crypto trading by prioritizing protection, transparency, and security as foundational elements.

Innovative Transparency Measures

With a current total reserve ratio of 231%, Bitget holds more than 100% of users' assets in major cryptocurrencies like BTC, ETH, USDT, and USDC. The transparency facilitated by Space and Time is anticipated to further strengthen the trust Bitget has established with its growing user base.

This partnership marks a significant step forward in achieving unprecedented transparency for centralized exchanges, setting a new standard in the industry.