• Bitget, the world’s largest crypto copy trading platform, has partnered with Space and Time to provide unprecedented transparency in centralized exchanges.
• The move will offer users verifiable evidence of the exchange’s assets and liabilities, as well as liquidity and activity.
• Space and Time is the first decentralized data warehouse that combines tamperproof on-chain and off-chain data for a transparent financial economy.
Bitget Partners with Space and Time
Bitget, the world’s largest crypto copy trading platform, has taken a groundbreaking step towards greater transparency in centralized exchanges by partnering with Space and Time. The move will provide unparalleled exchange operations transparency.
More Exchange Transparency is Required
As the first centralized exchange to leverage a decentralized data warehouse, Bitget offers its users verifiable evidence that the exchange holds the assets it claims to own on behalf of its clients. Moreover, users will have full transparency about the exchange’s activity, liquidity, assets, and liabilities with the assurance that the data and computation powering the exchange is accurate and haven’t been tampered with. Even though most centralized crypto exchanges publish proofs to assure users that their assets exist, the accounting of financial operations is conducted in opaque, black-box systems.
Space and Time Breaks Ground
With Space and Time’s technology, Bitget will provide proof of accounting and assure its users that all exchange operations are both valid and verifiable. Gracy Chen, Managing Director of Bitget said: “More than ever, users want to see transparency from exchanges. Bitget is first to work toward transparency of proof of accounting and operations through SpaceandTime.“ SpaceandTimeisthefirstdecentralizeddatawarehousejoinstamperproofon-chainandoff-chaindata providingaverifiableandtransparentfinancialeconomy. NateHolidayCEOandCo-FounderofWeb3datawarehouseSpaceandTimesaid:“Thispartnershipmarksaneweraoftransparencyforcentralizedbusinesses.“
Bitget Leverages Data Warehouse
. . . . . BitgetwillleveragetheSpaceandTimedatawarehouse torunverifiablecomputationsagainstverifiableon-chainandoff-chainedata strengtheningthetrustithasbuiltwithitsgrowinguserbaseasitcontinuestoexpanditsproductofferingstobecomeaone-stopsolutionserviceproviderfortheinvestmentindustry..
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