Protect Your Assets with Bitget's $429 Million Fund 😎

Protect Your Assets with Bitget’s $429 Million Protection Fund in June 2024

Bitget, a leading crypto-exchange, has released its monthly report on the valuation of its Protection Fund, revealing an average of $429 million in June 2024. This fund plays a crucial role in safeguarding users’ assets from potential threats and ensuring a secure trading environment in the volatile cryptocurrency market.

Monthly Valuation of Bitget’s Protection Fund

On June 6, the fund reached a peak valuation of $462 million.
On June 29, the lowest valuation of $392 million was recorded, still 30% higher than the initial allocation.
The fund holds 6,500 BTC in three separate wallets.

Ensuring User Safety with the Protection Fund

Bitget has established the Protection Fund to protect users’ assets held on the platform and provide a secure trading environment. This fund acts as a safety net against potential threats, ensuring that users’ assets remain shielded from adversities in the crypto market.

Consistent Commitment to Security

Bitget publishes monthly reports on the valuation of its Protection Fund to keep users informed about the safety measures in place. The fund’s valuation has consistently reflected Bitget’s commitment to providing a secure trading environment for its users.

The $20 Million Fund for TON Blockchain Projects

Bitget has launched a $20 million fund to support early-stage projects on the TON (Telegram Open Network) blockchain. The TON Ecosystem Fund, launched in collaboration with Foresight Ventures, aims to promote innovation and development within the TON ecosystem.

Hot Take: Bitget Strengthens User Trust with Protection Fund

Bitget’s Protection Fund, valued at $429 million in June 2024, continues to reinforce user trust by safeguarding assets on the platform and ensuring a secure trading environment in the cryptocurrency market. With monthly reports on the fund’s valuation, Bitget demonstrates its unwavering commitment to user safety and security.