Victoria, Seychelles, Oct. 12, 2023 (GLOBE NEWSWIRE) — Bitget, top crypto derivatives and copy trading platform, has released its Protection Fund Valuation Report for September 2023. Despite the market movement, the fund’s value has consistently exceeded US$300 million since last year November. In September, its worth peaked at $340 million, representing the highest level attained that month.
Launched in August 2022, Bitget’s Protection Fund stands as a pioneering testament to safeguarding users’ crypto assets, reflecting the platform’s commitment to user protection and financial security. The fund’s inception commenced with a US$200 million value, establishing a robust financial shield to protect users’ holdings in the face of force majeure incidents, hacking attacks, or extreme market situations.
The Protection Fund is completely self-funded, affording a high degree of operational flexibility and autonomy. This approach enables swift and efficient asset cove
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