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Bitget Adopts Chainlink Proof of Reserves

Twitter icon  •  Published vor 5 Tagen on August 20, 2025  •  Hassan Maishera

Bitget, a leading exchange with over 120 million users, has adopted Chainlink Proof of Reserve on Ethereum to enhance transparency around its wrapped Bitcoin asset, BGBTC.

Bitget Adopts Chainlink Proof of Reserves

Chainlink announced on Wednesday via X that Bitget, a leading exchange with over 120 million users, has adopted Chainlink Proof of Reserve on Ethereum to enhance transparency around its wrapped Bitcoin asset, BGBTC.

By enabling near real-time monitoring of BGBTC’s collateralization, Proof of Reserve strengthens user confidence for BitVault, which uses BGBTC in its DeFi yield strategies and as collateral within its lending vaults.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 4.8% over the past 24 hours, trading at $23.78 at press time.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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