Bitget, a leading cryptocurrency exchange, released its latest Protection Fund report for October 2024. The fund, which serves as the exchange’s insurance reserve, ensures user assets are insured in case of any action, maintaining financial stability. The Defense Fund reached $473 million on October 30, with an average of $424 million and a minimum of $391 million.
This growth demonstrates Bitget’s focus on supporting the fund. Established in 2022 with a goal of at least $300 million, the fund aims to provide a stable financial background and ensure user asset protection. Bitget’s continuous development of the asset protection fund is part of its strategy to create a reliable trading environment for investors.
