Bitget Protection Fund Valuation Achieves An ATH in November
Press release
VICTORIA, Seychelles, 2023 December 4, — Bitget, the world's leading
cryptocurrency exchange and Web3 company, has released its Protection Fund Valuation Report for November 2023 which includes an exciting all-time-high of $410 million. With an average of over $400 million for the month, this was the highest value of the Protection fund since its launch.
Bitget's Protection Fund stands as one of the largest self-insured funds in crypto. It builds trust amongst users with an extra layer of protection as it safeguards crypto assets against hacks, scams, and extreme
market conditions.
The Protection Fund is entirely self-funded, affording a high degree of operational flexibility and autonomy. It constitutes a robust financial shield intended to protect the financial interests of Bitget's users. This approach enables swift and efficient asset coverage without external red tape or the need for policy adjustments.
To further increase its stability and liquidity against external factors, the fund encompasses a diversified portfolio of high-liquidity cryptocurrencies such as BTC, USDT, and USDC. For the month of November, Bitget's Protection Fund maintained a very stable growth as per market movements, reaching an all-time-high value of over $ 410 million on November 16.
"At Bitget we're driven to provide users with better service than traditional exchanges. We're constantly committed to protecting our users and creating a crypto experience with an ecosystem of worldclass products. Security is priority and protecting users' interests is what makes people choose us when it comes to crypto," said
Gracy Chen, Managing Director at Bitget.
Bitget Protection Fund Valuation Status in November 2023:
Highest value: $410.37 million (November 16)
Lowest value: $389.36 million (November 1)
Average value: $401.31 million
Bitget's commitment to transparency goes beyond the Protection Fund Valuation report. The exchange has consistently offered verifiable
Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses.
For more detailed information, please visit
here.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit:
Website |
Twitter |
Telegram |
LinkedIn |
Discord |
Bitget Wallet For media inquiries, please contact:
media@bitget.com
2023-12-04
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up nowRecommended
- Press releaseBitget Announces Pre-Market Trading for Cros Token (CROS) AI Platform for In-Game Advertising Victoria, Seychelles, 17th October 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Cros Token (CROS) in pre-market trading, allowing users to trade the token ahead of its official spot trading debut. The pre-market period will run from October 17, 2024, 10:00 (UTC), to October 23, 2024, 10:30 (UTC), with spot trading beginning shortly after on October 23, 2024, at 11:00 (UTC). This early trading option is designed to give users a unique opportun2024-10-17
- Press releaseBitget brings GRASS (GRASS) to Pre-Market For Advance Trading Orders Victoria, Seychelles, 17th October 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of GRASS (GRASS) for pre-market trading, allowing users to place advance trading orders before the token becomes available for spot trading. The pre-market phase is open, traders can engage in GRASS/USDT trading through Bitget’s platform, benefiting from an opportunity to participate in early trades ahead of the wider market release. GRASS is a decentralized data lay2024-10-17
- Press releaseBitget Launches Telegram App Centre, Featuring Over 600 TON Trending Mini-Apps Victoria, Seychelles, 11 October 2024 — Bitget, a leading cryptocurrency exchange and Web3 company, announces a significant feature launch, Telegram App Centre, curating over 600 Telegram mini-apps all in one place, making it the most comprehensive page on the market outside of Telegram. This feature enables users to discover and interact with the latest airdrop opportunities, trending communities, and play-to-earn games directly from within their Bitget accounts. Bi2024-10-11
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowBecome a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now