Bitget Protection Fund's Average Valuation Hits $429M in June 2024
Bitget
VICTORIA, Seychelles, 2nd July, 2024 — Bitget, the leading cryptocurrency exchange and Web3 company, has released the updated valuation of its Protection Fund for June 2024. By significantly exceeding the company's commitment of $300 million, Bitget continues to flourish as one of the most trustworthy
crypto exchanges.
Since its launch in August 2022, the Protection Fund has been a cornerstone of Bitget's user-centric approach, highlighting the platform's dedication to providing a secure trading environment. In a volatile landscape, the Protection Fund acts as a safety net against potential threats, ensuring Bitget users' assets remain shielded from adversities. In June 2024, the Protection Fund maintained its holdings of 6,500 BTC stored in three separate wallets, with all addresses publicly displayed for transparency.
Bitget Protection Fund Valuation in Billions (June 2024)
The Bitget Protection Fund continued its momentum of growth during the market's surge and then returned to stability. At its peak on the 6th June, the fund hit its monthly high valuation of $462M, indicating strong financial health and strategic asset management that Bitget is known for. Throughout the month, the Protection Fund maintained an average valuation of $429 million. The lowest valuation of the Fund in June was $392 million, recorded on the 29th but was still maintained 30% above the initial allotment.
The fund's performance throughout the month is a clear indicator of the platform's reliability and its commitment to upholding the highest standards of users' asset security.
"The Protection Fund is a by product of the efforts we put in at Bitget to provide a safe and secure platform for our users," said
Gracy Chen, CEO at Bitget, "The Proof-of-reserves and Protection Fund are two strong pillars of our users' trust in Bitget and we plan to keep reinforcing this each month," she added.
As one of the very first industry leaders to establish business transparency with its users, Bitget upholds security standards by providing verifiable
Proof of Reserves data and offering users unrestricted access to comprehensive fund storage information, including the company's wallet addresses for tracking.
For more information on Protection Fund, please visit
here.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and many more.
For media inquiries, please contact:
media@bitget.com
2024-07-02
Bitget Introduces the First BGB Perpetual Futures with up to 50x LeverageHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
BitgetBitget CEO Letter: UEX and the New Era of Financial DemocracyOn New Year's Eve when I was twenty, I got a phone call from my mum. She was bursting with excitement, telling me, “Gracy! I finally did it! I bought a townhouse!” For years, this had been a dream of hers and a financial stretch. A lot of her friends tried to warn her off. “It’s too much money”, they told her. “What if prices drop and you lose it all?” Now, that house is worth eight times what she paid. She had an experience that, if we’re lucky, we all have access to only a few times in our2025-12-31
BitgetBitget 2025 Global Markets Year-End Review: Dollar Retreat, AI Euphoria, Crypto Reshuffle, and the Rise of Precious MetalsPreface Standing at the cusp of 2025's end, looking back across this year's global capital markets, we have witnessed not merely the rise and fall of various assets, but a profound paradigm revolution. When Trump returned to the White House, when Nvidia's market capitalization breached $5 trillion, when gold historically crossed $4,000, when Bitcoin violently oscillated amid policy gamesmanship—we came to the realisation that the old world order is crumbling, while the contours of a new era rema2026-01-01
BitgetBitget Q3 2025 Transparency ReportTLDR; – Bitget Turns 7 – Introduced the Universal Exchange (UEX), merging CEX-grade performance with DEX autonomy and real-world finance. – BGB Migration – 440M BGB transferred to Morph Foundation, making BGB the gas and governance token for Morph and deepening its on-chain utility. – Bitget Onchain Growth – Expanded to Ethereum, Solana, BSC, and Base; achieved $113M in daily trading volume; launched AI-powered Onchain Signals. – Derivatives Leadership – Maintained top-three global ranking in B2025-10-10
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now