Bitget, a leading cryptocurrency exchange, has achieved two significant strategic milestones: integrating Solana ecosystem tokens through its Bitget Onchain service and maintaining industry-leading reserve ratios at 199% in June 2025. This article explores how these advancements strengthen Bitget's competitive edge in trading innovation and asset custody.
Bitget Launches On-Chain Trading for Solana Ecosystem Tokens
Bitget has expanded its on-chain trading capabilities with the introduction of Bitget Onchain, a service designed to bridge centralized (CEX) and decentralized exchanges (DEX). The platform now supports popular assets from the Solana ecosystem—including tokens like This You?—alongside other major blockchain networks such as BNB Smart Chain and Base.
Key Features:
- Seamless Asset Access: Traders can use their existing Bitget spot accounts (denominated in USDT or USDC) to directly access on-chain assets.
- Cross-Platform Liquidity: Eliminates traditional barriers between CEX and DEX environments, offering what Bitget calls a "more convenient, efficient, and secure on-chain trading experience."
- Strategic Timing: The launch coincides with growing interest in SOL, Solana’s native token, from both retail and institutional traders.
👉 Explore Bitget Onchain’s advanced trading features
Bitget’s June 2025 Reserve Proof Report: 199% Coverage Ratio
Bitget’s June 2025 Proof of Reserves (PoR) audit revealed a 199% reserve coverage ratio, up from 192% in May, underscoring its leadership in crypto asset custody. The exchange maintains substantial over-collateralization, far exceeding the industry’s 1:1 benchmark.
Reserve Highlights:
- Bitcoin: 429% coverage (28,286.53 BTC held vs. 6,593.8 BTC user liabilities).
- Ethereum: 148% coverage.
- Stablecoins: USDT at 108% and USDC at 270%.
- Transparency: Merkle Tree verification covers 400,000 asset records across 27 layers, with open-source tools available on GitHub.
Since implementing monthly PoR updates in December 2022, Bitget has also established a $600 million User Protection Fund, reinforcing trust through systematic growth in reserve ratios for all major assets.
👉 Learn how Bitget ensures asset security
FAQs
1. What is Bitget Onchain?
Bitget Onchain is a service that integrates Solana and other blockchain assets, allowing seamless trading between centralized and decentralized exchanges using existing Bitget accounts.
2. How does Bitget’s reserve coverage compare to industry standards?
Bitget’s 199% reserve ratio (June 2025) significantly exceeds the typical 1:1 ratio, with Bitcoin reserves at 429% of user liabilities.
3. Why is Solana integration important for Bitget?
Solana’s high-speed, low-cost transactions attract active traders, making it a strategic ecosystem for Bitget to expand its on-chain liquidity offerings.
4. How does Bitget verify its reserves?
Through Merkle Tree-based Proof of Reserves audits, with open-source tools for public verification of 400,000+ asset records.
5. What safeguards does Bitget have for user funds?
Beyond over-collateralization, Bitget maintains a $600 million User Protection Fund to mitigate potential risks.