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Cryptocurrency exchange Bitget released its 45th consecutive monthly proof-of-reserves report, showing a reserve ratio of 122%. The report is part of the exchange's ongoing effort to demonstrate financial transparency to users amid continued industry scrutiny of exchange solvency practices. Proof-of-reserves reporting has become a standard practice among major crypto exchanges since a string of high-profile collapses eroded trust in the sector, with exchanges competing to demonstrate they hold sufficient assets to cover customer liabilities.