BTCC's September Proof of Reserves Highlights Resilience and Growth in the Crypto Market

BTCC Strengthens Financial Transparency with Impressive Reserve Ratios

BTCC, the world’s longest-operating cryptocurrency exchange, has reaffirmed its financial stability by unveiling its September Proof of Reserves (PoR) report. The report reveals a total reserve ratio of 143%, showcasing that BTCC’s holdings in major cryptocurrencies are well over-collateralized. This accomplishment underscores BTCC's commitment to maintaining operational integrity in a volatile industry.

The asset-specific reserve ratios for September highlight the exchange’s robust financial health. Bitcoin (BTC) reserves stand at 111%, Ripple (XRP) at 166%, Ethereum (ETH) at 152%, Tether (USDT) at 156%, USDC at 121%, and Cardano (ADA) at 153%. Explaining the importance of these figures, Alex Hung, BTCC's Chief Operating Officer, stated, “Market momentum has continued into Q3, and we have consistently maintained a reserve ratio exceeding 140%. High reserves are a cornerstone of sustaining trust amidst market volatility and uncertainty.”

Building Trust Through Consistent Transparency

BTCC has established a precedent of transparency by releasing monthly Proof of Reserves reports. These disclosures track the exchange’s reserve ratios, which have ranged from 132% to an impressive 152% over recent months, with September maintaining the high standard at 143%. This consistent reporting underscores BTCC’s focus on ensuring a secure and compliant trading environment.

The exchange's growth metrics further reinforce its stability. BTCC boasts over 10 million registered users and offers 350 spot trading pairs alongside 380 futures trading pairs. During the first half of September alone, BTCC recorded $41 billion in spot trading volumes and $315 billion in futures trading volumes, solidifying its position as a major player in the cryptocurrency space.

Pioneering Global Expansion and Strategic Collaborations

As part of its growth strategy, BTCC has embarked on an ambitious global expansion plan, bolstering its visibility in international markets. Highlighting this effort is an upcoming partnership announcement with NBA All-Star and 2022 Defensive Player of the Year Jaren Jackson Jr. during TOKEN2049, one of the largest blockchain conferences in Asia, held in Singapore. This partnership seeks to merge the worlds of cryptocurrency and sports, further enhancing BTCC's brand image as a dynamic and accessible platform.

In conjunction with TOKEN2049, BTCC will host a poolside networking event on October 3, collaborating with prominent tech partners Tencent Cloud, AWS, and Megazone. This event aims to foster closer connections within the blockchain industry while engaging with local communities. Such efforts signal BTCC’s intent to position itself as a leader in both the crypto and global trading ecosystems.

Celebrating 14 Years of Innovation and Security

June marked BTCC’s 14th anniversary, a significant milestone that the exchange commemorated with a range of promotions for its Korean users. Customers who achieve VIP1 status and follow BTCC on their official social media platforms can claim a voucher worth up to 140 USDT, showcasing the exchange’s focus on rewarding community engagement.

Since its founding in 2011, BTCC has operated with an unblemished security record, having reported zero incidents of hacking in its 14-year history. Regulatory licenses in the United States, Canada, and Europe further validate its operations and commitment to compliance. With services such as up to 500x leveraged futures trading, copy trading features, and free demo trading options, BTCC caters to both novice and advanced traders alike.

A Steadfast Commitment to Trust and Innovation

BTCC remains resolute in its pursuit of a more transparent and secure cryptocurrency ecosystem. Through its comprehensive reserves, cutting-edge security measures, and expansion-driven partnerships, BTCC is reinforcing its position as a reliable and forward-thinking trading platform. The company stated, “Through substantial reserves, robust security measures, and global partnerships, we aim to strengthen our position as a trusted platform in the cryptocurrency exchange market.”

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Disclaimer

This article is produced in partnership with BTCC. The content is intended for informational purposes only and should not be interpreted as financial or investment advice. BTCC is not liable for any investment losses incurred due to decisions based on this information.