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Bitget, the world’s leading crypto exchange and Web3 company, has released its January 2024 Conservation Fund Assessment Report.
Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its January 2024 Conservation Fund Assessment Report. The report highlights Bitget’s commitment to user protection, with the fund reaching an all-time average monthly value of over US$415 million, and an all-time high of US$442 million on January 9th. Masu.
Bitget’s Protection Fund stands out as a large-scale user protection mechanism within the cryptocurrency industry. By maintaining the industry’s largest self-insured fund, we build user trust by providing an additional layer of security. This fund helps protect your crypto assets from threats such as hacking, fraud, and large market fluctuations.
Bitget’s Protection Fund is self-funded and independently operated, providing agile protection without external constraints. The fund is autonomous, allowing resources to be rapidly deployed as needed to cover user assets in the event of a security incident, market fluctuation, or other coverage event. This independent approach provides Bitget users with strong protection support that does not rely on external regulations, policies, or approvals that can cause inefficiencies or delays in critical situations. The self-funded nature of the Protection Fund represents a significant strength and security benefit for Bitget’s user community.
To further enhance stability and liquidity against external factors, the fund includes a diversified portfolio of highly liquid cryptocurrencies such as BTC, USDT, and USDC. During the month of January, Bitget’s protection fund maintained steady growth in response to market movements and his BTC price surge, surpassing its all-time high of US$442 million on January 9th. Ta.
Evaluation status of Bitget Protection Fund January 2024:
Highest amount: USD 442 million (January 9th)
Minimum amount: USD 393 million (as of January 23)
Average value: USD 415 million
“Bitget is focused on better serving our users and protecting their interests through a robust ecosystem of products and expertise. Security remains a top priority for us, but What truly sets us apart is our absolute commitment to user protection. We guarantee people their crypto by protecting their assets and championing their well-being in all market conditions. We aim to do so.” Said Gracy Chen, Managing Director, Bitget.
Bitget’s commitment to transparency extends beyond conservation fund evaluation reports.Exchanges have consistently provided verifiable proof of reserves By protecting their data, users gain more confidence in the security of their assets. Bitget will continue to give users unrestricted access to comprehensive fund information, including publicly available wallet addresses.
Bitget says its latest monthly Proof of Reserve (PoR) report reveals an exceptional total reserve ratio of 159%, ensuring user funds are continuously supported by significant reserves. The company’s unwavering commitment is highlighted. With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% support for user funds.
Coinmarketcap reports that as of February 7th, Bitget’s total reserves are over USD 1.7 billion, consisting of prominent cryptocurrencies such as BTC, ETH, USDT, and USDC. Bitget conducts regular audits to ensure continuous visibility, openness and accountability.
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About biget
Founded in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Bitget Exchange serves more than 20 million users in more than 100 countries and territories, and helps users trade smarter with pioneering copy trading features and other trading solutions. We are committed to supporting you. Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain crypto wallet that offers a comprehensive set of Web3 solutions and features, including wallet functionality, swaps, NFT marketplaces, DApp browsers, and more. Bitget is encouraging individuals to embrace cryptocurrencies through collaborations with trusted partners such as legendary Argentine soccer player Lionel Messi and his official esports event organizer PGL.
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