Bitget Boosts Trust with Chainlink Proof of Reserve
9 Articles
9 Articles
Bitget Boosts Trust with Chainlink Proof of Reserve – Cape Verde Wire
Bitget Boosts Trust with Chainlink Proof of Reserve VICTORIA, Seychelles, Aug. 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the adoption of Chainlink Proof of Reserve on Ethereum to provide real-time transparency for its wrapped Bitcoin asset, BGBTC. This collaboration also supports the growing use of BGBTC within BitVault […]
Key Points of the Transparency News: Bitget integrates Chainlink PoR to ensure that the BGBTC is always fully supported by Bitcoin, strengthening confidence after past exchange bankruptcies. Technology: Chainlink PoR uses cryptographic tests to match reserves with token supply, addressing an industry problem where many assets lacked sufficient backing. Industry Impact: The measure reduces counterpart risk for DeFi platforms and pushes the indust…
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