VICTORIA, Seychelles, March 4, 2025 /PRNewswire/ -- Bitget, the leading cryptocurrency exchange and Web3 company has announced that its Protection Fund maintained an average valuation of $623 million in February 2025. The fund, designed to provide financial security for users during volatile market conditions, continues to demonstrate its resilience and importance through a volatile market.
In a challenging month for crypto, Bitcoin experienced sharp price swings, fueled by macroeconomic uncertainty and regulatory developments. Despite these challenges, Bitget's Protection Fund remains strong, reaching a high of $665 million and a low of $545 million, averaging a value of $623 million against a backdrop of volatile price movements. Launched in 2022 with an initial commitment of $300 million, the Protection Fund has grown steadily, offering users enhanced security and maintaining playing its vital role as a reliable safeguard for user assets.
"The strong performance of our Protection Fund despite fluctuating market conditions reflects our commitment to prioritising user asset protection." said Gracy Chen, CEO of Bitget. "As the crypto landscape continues to evolve, we remain committed to strengthening our fund, enhancing security measures, to ensure our users have the confidence to trade in any market condition.".
This latest valuation reflects Bitget's robust risk management framework, which ensures the fund remains well-capitalized to protect user assets even during heightened market activity. The fund's performance in February aligns with broader market trends, including increased geopolitical exposure and regulatory shifts that continue to impact the crypto ecosystem.
In addition to the Protection Fund, Bitget's Proof of Reserves maintains a 1:1 reserve ratio, further reinforcing transparency and trust. Recently, Bitget was announced on the list of top trusted crypto platforms by Forbes. These initiatives collectively position Bitget as a leading exchange that prioritizes user security and confidence in an ever-changing market environment.
For detailed Protection Fund and Proof of Reserves reports, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. 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, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavusoglu (Wrestling world champion), Samet Gümüs (Boxing gold medalist) and Ilkin Aydin (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
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