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 US$410 million.
With an average of over US$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…
