The crypto world is buzzing with a fresh wave of optimism, and new data from leading exchange Bitget shows just how much confidence is flowing back into the market.
According to the company’s July Proof-of-Reserves (PoR) report, a staggering 45% increase in user-held Bitcoin (BTC) has been recorded on the platform, making it the fastest-growing asset among all major cryptocurrencies tracked.
This significant jump — from 6,594 BTC in June to 9,531 BTC in July — comes at a time when the crypto industry is putting transparency front and center. Following a period of market instability, investors are increasingly scrutinizing where they hold their digital assets. For many, the answer appears to be exchanges that provide clear, verifiable proof of their reserves.
This renewed focus on security and accountability has become a primary factor in user decision-making, differentiating platforms that are truly committed to protecting their users’ assets from those that are not. Bitget’s impressive growth figures seem to confirm that this strategy is resonating strongly with the market.
The Bitcoin numbers tell a story of growth
The surge wasn’t limited to just Bitcoin. In a press release, Bitget announced that the PoR data paints a picture of broad-based growth across the board, suggesting a renewed appetite for a variety of digital assets.
- USDT Holdings climbed by a notable 21%, increasing from about $1.61 billion to nearly $1.95 billion.
- ETH Balances saw a significant 31% rise, jumping from 148,754 ETH to 195,466 ETH.
- USDC Holdings also grew by 14%, adding to the platform’s robust asset base.
This impressive growth isn’t just about rising prices; it’s a reflection of how users are choosing to store their wealth. The report highlights a clear trend: traders and institutions are favoring platforms that prioritize security and accountability.
Transparency as a competitive edge
Gracy Chen, CEO at Bitget
Bitget has positioned itself as a leader in this new era of transparency, and the July POR report suggests its strategy is paying off.
The exchange continuously publishes real-time reserve data using a Merkle Tree infrastructure, a cryptographic method that allows users to independently verify their funds. As of July 23, the platform boasted a reserve ratio of over 200% across its major assets, double the industry standard of 100%.
“This increase in on-platform user assets, especially Bitcoin, shows a broader trend in user behavior, where traders and institutions are increasingly favoring exchanges that allow independent asset verification,” said Gracy Chen, CEO at Bitget. “Our priority will always be to maintain Bitget as one of the largest and most secure platforms for crypto trading.”
The growth in July also corresponds with improving market sentiment. The stabilization of Bitcoin’s price above the $110,000 mark has boosted institutional interest and reassured retail investors that the market is on a more solid footing.
This positive momentum, combined with the assurance of verifiable reserves, is a powerful recipe for building sustained confidence.
Accountability, transparency, and trust at a glance
As global regulators continue to demand greater accountability from centralized exchanges, Bitget’s consistent commitment to publishing real-time, auditable reserve data is proving to be a key differentiator.
For users — both individual and institutional — this level of transparency provides a crucial safeguard against the mismanagement or opaque practices that have plagued parts of the industry in the past.
Bitget’s July PoR figures show that the exchange remains one of the few top-tier platforms to consistently exceed the 100% reserve mark for its key assets.
This unwavering focus on trust and security is not just a feature; it’s a powerful driver of growth, attracting new users and building confidence in a market that desperately needs it.
