Earlier today, Bitget, the crypto copy trading platform, made a significant announcement regarding its strategic partnership with Space and Time (SxT), a decentralized data warehouse. This collaboration is expected to provide Bitget’s users with unparalleled transparency of exchange operations, thanks to a verifiably tamperproof audit trail of data and computation. The partnership is a significant step towards ensuring the highest level of trust and security for Bitget’s users.
Gracy Chen, the Managing Director of Bitget, has expressed the company’s unwavering dedication to becoming the ultimate global trading platform. In line with this vision, Bitget has forged a strategic partnership with Space and Time, underscoring its commitment to delivering an all-inclusive trading experience to its clients. Chen’s statement is a testament to Bitget’s unwavering focus on providing top-notch services to traders worldwide.
Bitget has made a groundbreaking move in centralized exchanges by incorporating a decentralized data warehouse. The innovative Space and Time platform is designed to provide users with irrefutable proof that Bitget is holding their assets as claimed. This trustless system is a game-changer for the industry, and Bitget is proud to lead the way.
At Bitget, we take transparency seriously. Our users can rest assured that they have access to a complete and accurate picture of our exchange’s activity, liquidity, assets, and liabilities. We understand the importance of trust in cryptocurrency, so we guarantee that our data and computation have not been tampered with. With Bitget, you can trade confidently, knowing you have all the information you need to make informed decisions.
In addition, Bitget has taken a significant step towards transparency by introducing its Proof-of-Reserves (POR) page, which serves as a testament to its status as a fully-reserved exchange. The POR page employs the highly secure Merkle tree method, which undergoes cryptographic auditing to ensure that users’ assets are well-protected on the platform.
To bolster transparency, Bitget has partnered with Space and Time to furnish its users with irrefutable evidence of accounting. This move aims to instill confidence in the exchange’s operations, assuring its users that all transactions are legitimate and can be verified. Chen, the brains behind this strategic move, affirms the exchange’s commitment to maintaining a professional and trustworthy platform.
Bitget is first to work toward transparency of proof of accounting and operations through Space and Time. We aim to inspire people to embrace crypto with more protection, transparency and security, which serve as pillars for building a robust platform.
Space and Time proudly present the world’s first decentralized data warehouse, seamlessly integrating tamperproof on-chain and off-chain data. We are thrilled to announce our partnership as CEO and Co-Founder Nate Holiday expresses his enthusiasm for this groundbreaking collaboration.
We’re thrilled to work with Bitget to provide market-leading proofs for accounting and verifiability of operations. This partnership marks a new era of transparency for centralized businesses.
According to the latest figures as of March 6, 2023, Bitget’s reserve ratio stands at an impressive 231%. This means that Bitget holds over 100% of its users’ total assets in popular cryptocurrencies such as BTC, ETH, USDT, and USDC. With the help of Space and Time, Bitget is committed to maintaining transparency and building upon the trust it has established with its expanding user community.
