Bitget CLO Hon Ng says responsibility remains the constant as the exchange marks its eighth year
Bitget Chief Legal Officer Hon Ng used the exchange’s eighth anniversary letter to frame the company’s growth around one theme: responsibility. In the letter, Ng said Bitget has grown from a crypto derivatives venue into a broader platform serving more than 125 million users, with expansion under its Universal Exchange, or UEX, vision into asset classes including U.S. stocks, gold and foreign exchange. The letter laid out several areas the company sees as central to that responsibility. Ng said Bitget has published proof-of-reserves data every month since launching the system in December 2022, maintaining at least a 1:1 reserve ratio for user assets and allowing users to verify inclusion through a Merkle Tree mechanism. As of September 2026, the exchange said it had released 46 proof-of-reserves reports, with an overall reserve ratio of 135% and an average ratio above 120%. The coverage has also been expanded from four assets to 19, including XAUT. Ng also pointed to Bitget’s Protection Fund, established in 2022 with an initial size of $300 million and carrying an average valuation of about $382 million in August 2026, alongside account security tools, transaction monitoring, anti-fraud systems, a market order and token responsibility framework, and regulatory registrations, licenses or approvals across multiple jurisdictions.

