Core Insights - Bitget, a leading global cryptocurrency exchange, reported a significant increase in user-held Bitcoin, with a month-over-month surge of over 45% in July, rising from 6,594 to 9,531 Bitcoins [2][3] - The increase in user assets is attributed to a broader trend where traders and institutions favor exchanges that allow independent asset verification, reflecting improved market sentiment and institutional interest in digital assets [3] Group 1: User Asset Growth - Bitcoin holdings increased by over 45% from June to July, with the total rising to 9,531 Bitcoins [2] - USDT holdings also saw a notable increase of 21%, from approximately 1.61 billion to nearly 1.95 billion [2] - Ethereum (ETH) balances grew by 31%, from 148,754 to 195,466, while USDC holdings increased by 14% [2] Group 2: Transparency and Market Position - Bitget's proof of reserves (PoR) method includes monthly snapshots of asset balances and daily updates, ensuring transparency in asset verification [3] - As of July 23, the reserve ratio for major assets on the platform remained above 200%, double the industry benchmark of 100% [2][3] - The platform's commitment to transparency is increasingly appealing to retail and institutional users seeking to avoid mismanagement or opaque balance sheets [3] Group 3: Company Overview and Strategic Partnerships - Established in 2018, Bitget serves over 120 million users across more than 150 countries, offering innovative trading solutions and real-time pricing for cryptocurrencies [4] - Bitget is the official cryptocurrency partner of La Liga in East Asia, Southeast Asia, and Latin America, and collaborates with various Turkish athletes to promote cryptocurrency adoption [5] - The company has partnered with UNICEF to provide blockchain education support to 1.1 million people by 2027, and is the exclusive cryptocurrency exchange partner for MotoGP™ [5]