Dear BitradeX Users:
Based on the platform's long-term transparency construction plan, BitradeX is advancing a comprehensive upgrade of the fund pool system and reserve display. The relevant details of this upgrade are as follows:
I. Background of This Upgrade
The fund pool data module previously displayed on the official website belongs to an early version of information display, used only for basic transparency disclosure. As the platform's user base and asset volume continue to expand, the original display method can no longer meet the higher standards of security, transparency, and verifiability requirements.
II. Core Directions of This Upgrade
To further enhance user trust and fund transparency, BitradeX is advancing the construction of a new generation fund pool and reserve system, focusing on:
1️⃣ Visualization Upgrade of Fund Pool Scale and Structure
The platform will gradually introduce a structured disclosure mechanism for the total fund pool scale, combined with asset classification and tiered fund management models, making the overall fund structure clearer and more understandable.
2️⃣ Dynamic Curve and Fund Flow Linkage Mechanism
The upgraded display system will no longer use static data forms, but will update through dynamic curve models, combined with actual fund transfers, asset changes and other data, making the fund change process more realistic, continuous, and meaningful for reference.
3️⃣ Enhanced Correlation Between Fund Pool Data and Business Activities
The platform will gradually enhance the correlation display between fund pool data and key business activities within the platform, including but not limited to user transactions, fund transfers, asset adjustments and other dimensions, to improve the overall data consistency and interpretability.
4️⃣ Synchronous Upgrade of Proof of Reserves (PoR) Capability
Based on the fund pool system upgrade, the platform will simultaneously advance the construction of on-chain proof of reserves capability, improving the transparency and verifiability of reserve assets through on-chain data and encryption technology.
5️⃣ Introduction of Third-Party Audit Institutions
We are advancing cooperation with international audit institutions to provide periodic fund audit reports, further enhancing global compliance and trust levels.
III. Current Asset Security Status
All BitradeX user assets are normal and secure, and all platform deposit, withdrawal, and trading functions are operating stably.
We always adhere to:
- 100% Reserve of User Assets
- Strict Separation of Platform Operating Funds and User Assets
- Multiple Risk Control and Security Systems to Protect Asset Safety
IV. Upgrade Progress and Future Plans
The relevant systems have now entered the development and integration phase, and are expected to go live in stages:
Phase 1: Basic Fund Pool Display Launch (Including Core Asset Structure)
Basic display of major fund structures to improve overall transparency.
Phase 2: Data Structure and Dynamic Display Upgrade
Gradually improve the fund pool data structure and display format, introducing dynamic curves and fund change linkage mechanisms.
Phase 3: Proof of Reserves and Audit System Improvement
Advance PoR capability construction and introduce third-party audit institutions to form a long-term transparency mechanism.
Specific launch times will be announced through official announcements.
We understand the importance of transparency to the platform and appreciate the community's continued attention and feedback.
BitradeX is always committed to building a long-term, trustworthy, global digital asset trading platform. This upgrade is not only an optimization of the display layer, but also an important improvement of the underlying fund transparency system.
Please give us some time, and we will respond to every trust in a clearer and more complete way.
BitradeX Operations Team
March 24, 2026