Bitget 184% Nov. Proof of Reserves Could Boost Monad Activities Against Arthur Hayes Prediction

Bitget updated its November proof of reserves showing a total reserve ratio of 184%. with BTC and ETH reserve ratios are both well above 100%, implying strong coverage of customer balances. By subtracting user assets from platform holdings, estimates shows Bitget’s own positions at approximately 22,200 BTC (about USD 1.95 billion) and 152,000 ETH (about USD 448 million).

This revelation comes at a time when trust in centralized exchanges is paramount, especially following past industry scandals, and it could influence trading strategies for trading across various platforms

From a trading perspective, Bitget's 184% reserve ratio opens up opportunities for arbitrage and leveraged trades. Savvy investors might look at cross-exchange spreads, comparing Bitget's BTC and ETH prices against competitors to exploit any temporary discrepancies caused by this positive news.

Monad officially launched its mainnet this week, on November 24, attracting massive attention from the crypto community as a unique high-performance blockchain designed to transform the layer 1 space. With price gaining over 60 sice listing, Bitget have also rolled out a launcpool and candybomb to let users earn with he highest apr compared to all other top CEX....

while others like Arthur Hayes who just two days earlier had predicted “MON to $10,” has sharply reversed his stance on Monad, it has maintained a steady price around 0.04... will these events boost activities?