Bitget, a major cryptocurrency exchange, has recently announced two significant strategic advancements. The platform has launched an on-chain trading feature focused on the Solana ecosystem and reported a substantial increase in its reserves, reinforcing its position in the crypto trading and custody landscape.
These developments come at a time when both retail and institutional traders are increasingly seeking secure, efficient, and integrated trading environments. Bitget's latest moves are designed to meet these evolving market needs.
Expanded On-Chain Trading with Solana Integration
Bitget has introduced a new service called Bitget Onchain, which significantly expands its on-chain trading capabilities. This feature is built to bridge the gap between centralized (CEX) and decentralized exchanges (DEX), offering a more unified trading experience.
The service now supports popular assets from the Solana ecosystem, including tokens like 'This You?', in addition to other major blockchain networks such as BNB Smart Chain and Base.
Traders can use their existing Bitget spot accounts, denominated in USDT or USDC, to directly access these on-chain assets. This integration is a strategic effort to provide seamless cross-platform liquidity, particularly for investors interested in Solana-based tokens.
By removing the traditional barriers between CEX and DEX environments, Bitget aims to deliver what it describes as a "more convenient, efficient, and secure on-chain trading experience." This move aligns with the growing interest in Solana’s native token, SOL, which continues to attract attention from a broad range of traders.
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Proof of Reserves Reaches 199% in June 2025
In its latest Proof of Reserves (PoR) audit for June 2025, Bitget reported a reserve ratio of 199%, up from 192% in May. This result underscores the exchange’s commitment to transparency and strong asset management.
The platform maintains a significantly over-collateralized position, far exceeding the industry-standard 100% benchmark. Key holdings include:
- Bitcoin (BTC): 429% reserve ratio, with 28,286.53 BTC held against user liabilities of 6,593.8 BTC.
- Ethereum (ETH): 148% coverage.
- Stablecoins: 108% for USDT and 270% for USDC.
Bitget uses a Merkle Tree-based verification system spanning 27 layers and covering over 400,000 asset records. The exchange also provides open-source tools on GitHub for independent verification.
Since initiating monthly PoR updates in December 2022, Bitget has also established a $600 million User Protection Fund. All major assets on the platform have shown consistent growth in reserve ratios, reflecting strengthened custody capabilities and risk management.
Frequently Asked Questions
What is Bitget Onchain?
Bitget Onchain is a service that enables users to trade on-chain assets directly from their Bitget spot account. It supports multiple blockchains, including Solana, BSC, and Base, and aims to combine CEX and DEX liquidity into a single interface.
How does Proof of Reserves work?
Proof of Reserves is an auditing method that uses cryptographic proof to verify that an exchange holds sufficient assets to cover all user balances. Bitget publishes monthly PoR reports and provides tools for public verification.
Why is Solana support significant?
Solana is known for its high-speed and low-cost transactions, making it a popular network for traders and developers. Bitget’s integration allows users to easily trade Solana-based tokens without leaving the exchange environment.
What does a 199% reserve ratio mean?
A 199% reserve ratio means that for every dollar of user assets held by the exchange, Bitget has $1.99 in reserves. This indicates strong financial health and a commitment to safeguarding user funds.
Is user asset verification available to the public?
Yes, Bitget offers open-source verification tools on GitHub, allowing anyone to independently confirm that their assets are fully backed by the exchange’s reserves.
Does Bitget offer insurance or fund protection?
In addition to its over-collateralized reserves, Bitget maintains a $600 million User Protection Fund to cover potential unexpected incidents, adding an extra layer of security for users.
Bitget’s recent upgrades in both on-chain functionality and reserve strength highlight its focus on security, accessibility, and market adaptability. These initiatives are likely to enhance user confidence and support broader adoption of crypto trading.
For those interested in leveraging these new features, the platform offers a streamlined and secure trading experience. 👉 Learn more about secure trading platforms