Victoria, Seychelles, March 27, 2023, Chainwire

Bitget, the leading platform for crypto copy trading, has entered into a significant alliance with Space and Time (SxT), a forefront player in decentralized data management. This collaboration will allow Bitget to provide its users with unmatched transparency regarding exchange operations, complete with a verifiable and tamper-proof audit trail for all data and computations. 

In a groundbreaking move, Bitget is the inaugural centralized exchange to utilize a decentralized data warehouse. The trustless infrastructure offered by Space and Time ensures that users can verify the assets that Bitget claims to manage on their behalf. Furthermore, clients will benefit from complete visibility into the exchange's actions, liquidity, assets, and obligations, all while being assured that the data processing remains intact and uncorrupted.

Bitget has introduced its Proof of Reserves Page to show users that it stands as a full-reserve exchange. Utilizing the cryptographically audited Merkle tree approach, Bitget's Proof of Reserves (PoR) will also guarantee that users' cryptocurrencies stored on the exchange are well-protected. To bolster this transparency, the platform will partner with Space and Time, enabling Bitget to offer reliable accounting proofs and assure its users that all exchange activities are both legitimate and auditable. The current total reserve ratio stands at an impressive 231% as of March 6, 2023, indicating that Bitget maintains assets exceeding 100% of the total user holdings (BTC, ETH, USDT, USDC). 

“At Bitget, our objective is to become the premier global trading hub, and our alliance with Space and Time emphasizes our dedication to this goal,” stated Gracy Chen, Managing Director of Bitget . “Users are increasingly seeking transparency from trading platforms. As the first exchange pioneering transparency in accounting and operations through Space and Time, we aim to encourage individuals to adopt cryptocurrencies with enhanced safeguards, transparency, and security, which are the cornerstones of our robust platform.”  

Space and Time represents the inaugural decentralized data warehouse that successfully merges tamper-proof on-chain and off-chain data. Their innovative cryptographic method, termed Proof of SQL, ensures that query computations are authenticated and guarantees that both the query and associated data are immune to tampering. 

“Space and Time is laying down the groundwork for a verified and transparent financial ecosystem,” commented Nate Holiday, CEO and Co-Founder of Space and Time . “We're excited to collaborate with Bitget in delivering unparalleled proofs for accounting and operational verifiability. This partnership signifies a transformative shift towards transparency for centralized enterprises.”  

By utilizing the Space and Time data warehouse, Bitget will execute verifiable calculations against both credible on-chain and off-chain data. The transparency enabled by this collaboration will fortify the trust Bitget has cultivated with its expanding user community, all while enhancing its product range to position itself as an all-encompassing investment hub. 

April 29, 2025

by Founded in 2018, Bitget has emerged as the world’s preeminent cryptocurrency exchange, with futures trading and copy trading standing out as its key offerings. Serving over 8 million users across more than 100 nations and regions, the exchange is committed to empowering users to trade more intelligently by providing a secure, all-inclusive trading solution. Furthermore, it encourages individuals to embrace cryptocurrencies through partnerships with reputable figures like the legendary Argentinian soccer star Lionel Messi, the renowned Italian football club Juventus, and the official eSports event organizer PGL. According to Coingecko, Bitget ranks as a top 5 platform for futures trading and a top 10 platform for spot trading.

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Space and Time is the first Web3-native decentralized data warehouse that combines tamper-proof on-chain and off-chain data, catering to enterprise demands for smart contracts. Their unique cryptographic innovation, Proof of SQL™, empowers developers to link analytics directly with smart contracts, opening doors to a multitude of transformational use cases and business operations within blockchain technology. Designed with a multi-chain approach, Space and Time is tailored for Web3 developers engaged in financial services, gaming, DeFi, or any project necessitating advanced analytics.

Alisa Davidson April 29, 2025 by Alisa Davidson April 29, 2025 by Alisa Davidson April 29, 2025 Know More Know More Read More Read more

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