Bitget CLO Marks 8th Anniversary With Open Letter on Trust, Security and Compliance

Bitget, the main cryptocurrency change and Web3 firm, at present printed an open letter penned by Chief Legal Officer Hon Ng to mark the platform’s eighth anniversary.

In the letter, Ng displays on Bitget’s evolution from a crypto derivatives change to a platform serving greater than 125 million customers underneath its Universal Exchange (UEX) imaginative and prescient, and outlines how transparency, safety, and compliance requirements have scaled alongside that progress.

The full letter from Hon Ng follows beneath:

Eight years is a significant milestone for Bitget and a possibility to replicate on how a lot the platform has modified since we began.

Eight years in the past, Bitget was a crypto derivatives change. Today, the platform serves greater than 125 million customers and is increasing throughout crypto, tokenized equities, commodities, and different world markets underneath our Universal Exchange (UEX) imaginative and prescient. That evolution modifications what customers ought to count on from an change, and with that enlargement comes higher duty.

Greater entry has to return with stronger infrastructure round it. For Bitget, meaning extra transparency, stronger safety, and compliance frameworks able to supporting a broader vary of markets. For me, the vital half is that these requirements develop with the platform. The duty additionally turns into broader because the change scales.

Making Trust Verifiable

Bitget launched Proof of Reserves in December 2022. Since then, now we have printed reserve knowledge each month, maintained our dedication to carry consumer belongings at a minimal 1:1 reserve ratio, and offered Merkle Tree-based verification so customers can independently confirm the inclusion of their belongings in our reserves. In September 2026, our forty sixth consecutive Proof of Reserves report recorded a complete reserve ratio of 135%. Our common reserve ratio has remained above 120%. As the platform grows, our transparency mechanisms must maintain tempo.

This month, as Bitget marks its eighth anniversary, we’re increasing Proof of Reserves protection from 4 belongings to 19. As customers achieve entry to extra belongings and markets, the scope of what they will independently confirm ought to develop as nicely.

Proof of Reserves solutions an vital query about whether or not consumer belongings are backed. User safety, nonetheless, extends past reserves to account safety, market integrity, and the controls governing how the platform operates.

Financial safeguards are one other layer. Bitget established its Protection Fund in 2022 with an preliminary dedication of $300 million to offer a further monetary safeguard for customers in excessive circumstances. In August 2026, the fund maintained a median valuation of roughly $382 million. The Protection Fund operates alongside the safety methods designed to stop incidents within the first place.

Protection at Every Layer

Security has to comply with customers throughout the platform, from account entry and transaction monitoring to the underlying infrastructure. No single software or management can deal with each danger, which is why we take into consideration safety in layers.

Users have entry to two-factor authentication, FIDO2 and WebAuthn passkeys, Anti-Phishing Codes, and machine controls, supported by withdrawal safeguards, transaction monitoring, anomaly detection, and fraud-prevention methods behind the platform.

Protection additionally extends to the standard of the market customers take part in. Earlier this yr, Bitget launched its Market Integrity and Token Accountability Framework to strengthen post-listing surveillance throughout listed belongings, mission groups, and market makers. The framework is designed to determine dangers, together with irregular pockets behaviour, market manipulation, weak liquidity, and different types of suspicious buying and selling exercise, whereas creating clearer accountability for initiatives and market makers working on the platform.

Where potential misconduct is recognized, motion could embrace enhanced danger warnings, restrictions, account freezes, buying and selling suspensions, or delisting the place applicable.

Operating Responsibly Across Markets

The identical precept applies to compliance. Operating throughout a number of markets means navigating totally different regulatory frameworks, asset classifications, and danger necessities. There is not any single regulatory mannequin that applies in all places we function, which suggests accountable enlargement requires us to grasp and meet the requirements of particular person markets. Our regulatory footprint has included registrations, licences, and approvals throughout jurisdictions, together with Argentina, Australia, El Salvador, Georgia (Tbilisi Free Zone), Mauritius, Mexico, New Zealand, South Africa, Switzerland, and the UK. Regulatory necessities fluctuate throughout jurisdictions and asset courses, so compliance methods must account for these variations. At Bitget, that features KYC and KYB processes, AML and CFT controls, sanctions screening, transaction monitoring, and ongoing engagement with regulators.

UEX raises that duty additional. Bringing crypto, tokenized shares, commodities, and different belongings right into a unified buying and selling atmosphere means accounting for various market buildings and danger profiles inside the identical platform. This is why Bitget has been working with BlockSec on a UEX Security Standard overlaying areas together with verifiable solvency, multi-asset danger isolation, knowledge and privateness safety, dynamic monitoring, and utility and infrastructure defence.

What Eight Years Have Taught Us

Eight years on this business have strengthened that none of those requirements can stay static. Transparency has to maintain tempo with the platform, safety with new threats, and compliance with altering markets and regulatory frameworks. The lesson for us is that progress and duty can’t be separated. Every enlargement in what a platform gives additionally expands what it wants to guard, confirm, and account for.

Eight years in the past, customers started putting their belief in Bitget. Today, the platform is bigger, the markets we serve are broader, and the infrastructure behind it’s extra advanced. The duty that comes with that belief has grown accordingly.

An anniversary is a second to acknowledge how far an organization has come. For me, it’s equally a reminder of what can not change. Protecting consumer belongings, sustaining robust controls, and giving customers higher visibility into how the platform operates stay basic to how Bitget ought to develop. Our eighth anniversary theme, “Built for Trades”, is finally concerning the safety, transparency, and requirements that customers must commerce with confidence. As we enter our ninth yr, that duty stays the usual towards which our progress must be measured.

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