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Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

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VICTORIA, Seychelles, March 22, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency. The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%. It emphasizes Bitget’s unwavering commitment to ensuring user funds are consistently supported by substantial reserves. With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% backing for user funds.

 

Bitget reaffirms its unwavering commitment to sound financial practices and stability as evidenced by its latest PoR data. The impressive reserve figures underscore Bitget’s utmost devotion to protecting user assets and maintaining a high level of transparency. As of March 22nd,  Coinmarketcap reports that Bitget’s total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability.

Gracy Chen, Managing Director at Bitget said: Bitget is committed to delivering the utmost security and transparency for its users, emphasizing financial stability and technical resilience to establish unwavering trust in the platform. We take great pride in upholding the strongest reserve ratio among prominent exchanges, cementing Bitget’s position as a dependable and credible cryptocurrency exchange. This steadfast dedication to financial stability further bolsters the confidence of Bitget’s users in the platform’s reliability.

Bitget’s dedication to transparency aligns with its focus on maximizing user protection. In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

About Bitget

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Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet

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Blockchain Press Releases

HTX DAO and HTX Ventures at Bitcoin 2025: Empowering the Global Rise of the Bitcoin Ecosystem

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SINGAPORE, May 29, 2025 /PRNewswire/ — HTX DAO and HTX Ventures, two integral forces within the HTX ecosystem, proudly participated in Bitcoin 2025, the world’s premier Bitcoin summit held in Las Vegas. Engaging with global crypto leaders, they actively explored the future of Bitcoin and the broader digital asset industry—while supporting innovation and accelerating transformation across the decentralized ecosystem.

Justin Sun, Advisor to HTX and Founder of TRON, joined a high-profile panel discussion during the event, where he shared invaluable insights on Bitcoin’s evolution, WBTC’s critical role in smart contract integration, and how U.S. policy signals are shaping worldwide adoption.

“One of the biggest lessons I’ve learned since entering crypto in 2012 is: never bet against Bitcoin,” said Sun. “We’ve already seen Bitcoin surpass $110,000, and I firmly believe that as long as we keep building, Bitcoin will continue to hit new highs.”

Reflecting on his recent engagement with U.S. President Donald Trump, Sun emphasized the significance of political support for the industry, “President Trump’s backing is monumental. Without his support, Bitcoin wouldn’t have broken $100,000. The U.S. plays a leading role in global financial regulation—once it sets a clear crypto policy, other countries will follow. This will speed up global Bitcoin adoption and bring more people into the crypto space.”

Sun also spoke in depth about Wrapped Bitcoin (WBTC) as a gateway for unlocking Bitcoin’s potential in the smart contract world, “WBTC enables Bitcoin holders to interact with DeFi, earn yield, and use BTC as collateral across Ethereum, TRON, Solana and more. It transforms Bitcoin into a programmable asset. With proof-of-reserve, on-chain transparency, and cold storage security, WBTC is both safe and powerful.”

Looking ahead, Sun forecasted that traditional financial products will inevitably migrate onto the blockchain, creating new opportunities for yield and arbitrage, “WBTC is just the first step. In the future, all financial products—stocks, bonds, stablecoins—will be brought on-chain. Transparency and decentralization will define the next generation of global finance.”

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Immersive Community Experience by HTX DAO and HTX Ventures

During the event, HTX DAO and HTX Ventures unveiled a life-size replica of Justin Sun’s iconic space capsule, inviting attendees to participate in an immersive and shareable experience. Visitors were encouraged to follow @HTX_DAO and @Ventures_HTX on X (formerly Twitter), and post creative selfies using the hashtag #HTXDAOLasVegas. Winners received up to 100 USDT in crypto rewards. The activation quickly became a highlight of the event.

Notably, Bitcoin 2025 gathered an impressive lineup of high-profile speakers, including U.S. Vice President JD Vance, Eric Trump, White House advisor on AI and crypto David Sacks, MicroStrategy Co-Founder Michael Saylor, and BitMEX Co-Founder Arthur Hayes. Throughout the conference, these leaders engaged in in-depth discussions on Bitcoin ecosystem development, regulatory policy, technological innovation, and global adoption—providing valuable direction for the industry’s future.

Continuing the Mission to Empower Web3

Through thought leadership and creative engagement, HTX DAO and HTX Ventures demonstrated their ongoing commitment to building a smarter, more accessible Bitcoin ecosystem.

About HTX DAO

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As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.

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Bybit Secures MiCAR License in Austria, Opens European Headquarters in Vienna with Strategic Expansion Plan

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VIENNA, May 29, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has received its Markets in Crypto-Assets Regulation (MiCAR) license from the Austrian Financial Market Authority (FMA), signifying a pivotal moment in its European expansion. With this new license, Bybit can now operate as a fully compliant crypto-asset services provider and passport its regulated and localized crypto products and services to nearly 500 million Europeans in 29 EEA (European Economic Area) member states through its EEA hub, which is based in Austria. Alongside this regulatory milestone, Bybit has also established its official European headquarters in Vienna, Austria.

The MiCAR license underscores Bybit’s unwavering commitment to meeting the highest regulatory standards in Europe, including crucial safeguards that are designed to enhance transparency, prevent illicit activities, and protect consumers within the European Union’s digital finance ecosystem.

“Securing the MiCAR license in Austria is a testament to our compliance-first approach at Bybit,” stated Ben Zhou, co-founder and CEO of Bybit. “We are actively collaborating with regulators and pursuing licenses globally to ensure our users can access our innovative platform with the highest levels of regulatory and compliance assurance.”

To support its upcoming European expansion, Bybit is making a substantial investment in Austria, with plans to hire over 100 professionals in Vienna as it provides more localized and regulated services to users.

“Obtaining the MiCAR license demonstrates our commitment to compliance and transparency, in line with Europe’s high regulatory standards,” said Mazurka Zeng, Chief Executive Officer of Bybit Europe.

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Vienna is now the home of Bybit Europe, and we’re proud to contribute to Austria’s forward-looking financial environment by investing in talent and innovation. Beyond this, we are dedicated to fostering a strong local crypto community and, through the Blockchain for Good Alliance (BGA), we will extend our resources to work closely with universities across the region, cultivating the next generation of blockchain innovators and exploring impactful real-world applications of the technology,” Mazurka said.

#Bybit / #TheCryptoArk / #MiCAR

About Bybit

Bybit is the world’s second-largest crypto-asset exchange platform, providing over 70 million users globally access to its innovative crypto investment products and services. Bybit EU is the newly established EU headquarter and will serve the EEA clients on the dedicated Bybit EU platform.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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The GRVT Android App Is Available on Google Play Store Now

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SINGAPORE, May 29, 2025 /PRNewswire/ — GRVT (pronounced “gravity”), the world’s first licensed onchain exchange – is excited to announce that its Android mobile app is available for download on the Google Play Store now. This launch brings the full power of GRVT’s trading platform to users worldwide at their fingertips.

With the Android app, users can now access GRVT’s hallmark features on-the-go, including:

  • Perpetuals trading for nearly 30 pairs
  • A dedicated Rewards page
  • A full portfolio overview to track positions
  • Liquidity League – GRVT’s evergreen trading competition page

Hong Yea, co-founder and CEO of GRVT, commented, “We’ve been working tirelessly to deliver the best product with user-friendly features and to provide a seamless and smooth trading experience since our launch. The launch of our mobile app is a major milestone, but only the beginning of our long-term vision. We will continue to build relentlessly toward making GRVT the ultimate onchain financial marketplace, one where everyone can easily access powerful tools for wealth creation.”

The iOS version of GRVT’s mobile app will be available in due course. Download the Android version now at: https://play.google.com/store/apps/details?id=com.grvt.GrvtMobile&pli=1 (available in 50 countries such as Argentina, Japan, South Korea, Vietnam and more)

To date, GRVT has reached a total trading volume of $6.5 billion, just five months after the Mainnet launch in December 2024,  with 40,000 KYC-verified users, an unprecedented phenomenon for DEXs.

Disclaimer: Perpetuals trading of cryptocurrencies is subject to high market risk and price volatility and you may be called upon at short notice to commit further margin deposits or risk being liquidated. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our Risk Disclosure and Disclaimer in full.

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Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.

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About GRVT

GRVT (pronounced “gravity”) is the world’s first licensed onchain exchange, where traditional banking meets decentralized innovation on one regulated, compliant, and trustless financial market place. A blockchain-based platform that is democratizing how wealth is created and shared, GRVT allows everyday people to trade, invest, and grow their wealth by providing direct access to top industry traders and investors.

GRVT official website: https://grvt.io/

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