Bitget Protection Fund Valued at $465 Million, Ensuring Trader Safety

Bitget, the renowned crypto-exchange, discloses its April 2024 Protection Fund evaluation, reaching $465 million. Initially set at $200 million in 2022, the fund has consistently grown, securing users’ assets amidst market volatilities.

The fund resilience was showcased with a peak value of $543 million in February 2024. Bitget commitment to safety extends further as it temporarily halts USDT deposits to enhance ecosystem growth, still maintaining a robust 6,500 BTC reserve.

Gracy Chen, Bitget Managing Director, emphasizes the fund role in fortifying user assets, reiterating a pledge to uphold its valuation above $300 million. This dedication aligns with Bitget ethos of ensuring user security in all market scenarios.

Amidst these developments, Bitget commemorates the inaugural year of Blockchain4Youth, a CSR initiative aimed at fostering blockchain adoption among young talents worldwide. Over the past year, Bitget has engaged with universities and youth associations, hosting 50+ conferences and involving 6000+ individuals in shaping the future of blockchain technology.

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