Bitget, one of the world's leading cryptocurrency exchanges and Web3 companies, has released the Protection Fund Valuation Report for November 2023 which includes an exciting new all-time high of $410 million for the Protection Fund. It was the highest value of the Protection Fund since its inception, with an average value of over $400 million for the month.
With Bitget's Protection Fund, Bitget stands out as one of the largest self-insured funds in the crypto world. It develops trust amongst users by adding another layer of protection as it guards crypto assets from hacks, scams, and extreme market conditions.

In spite of the fact that Bitget's Protection Fund is entirely self-funded, it offers a high degree of operational flexibility and autonomy due to its unique financial shield meant to protect Bitget's users' financial interests. By following this approach, Bitget's users are able to receive asset coverage quickly and efficiently without having to deal with external red tape or adjust their policies.
The fund consists of a diversified portfolio of high-liquidity cryptocurrencies such as Bitcoin, USDT, and USDC to further enhance its stability and liquidity against external factors. The Bitget Protection Fund experienced a very stable growth during the month of November, with its value reaching an all-time high of $ 410 million on November 16 as a result of market movements.
Bitget is committed to providing users with a better service than traditional exchanges. We are dedicated to protecting our users and creating a crypto experience with an ecosystem of world-class products and services. In Bitget's words, security is paramount and protecting our users' interests is what makes people choose us when it comes to crypto," said Gracy Chen, Managing Director.
According to Bitget Protection Fund valuation status as of November 2023, the fund's highest value was $410.37 million (November 16) and its lowest value was $389.36 million (November 1). The fund's average value was $401.31 million.
In addition to the Protection Fund Valuation report, Bitget is committed to providing users with additional assurance that their assets are protected. The exchange has consistently provided verifiable Proof of Reserves data, which has increased user confidence in the security of their funds. Users of Bitget continue to have access to comprehensive fund information, including addresses of public wallets, which is accessible without restriction.
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What Bitget is all about
A global leader in cryptocurrency exchanges, Bitget is a leading Web3 company that was founded in 2018. As a leading exchange serving over 20 million users in 100+ countries and regions, Bitget exchange is committed to providing users with options that will help them trade smarter through its pioneering copy trading feature and other trading features.. Previously known as BitKeep, Bitget Wallet offers a world-class multi-chain crypto wallet with a wide range of Web3 solutions and features, including wallet functionality, swap, an NFT Marketplace, a DApp browser, and many other exciting features.. It is Bitget's mission to encourage individuals to adopt crypto by collaborating with credible partners, including the legendary Argentinean footballer Lionel Messi and PGL, the official eSports event organizer
It is Bitget's mission to encourage individuals to adopt crypto by collaborating with credible partners, including the legendary Argentinean footballer Lionel Messi and PGL, the official eSports event organizer
Visit the following links for more information: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet
Bitget is the source of this information
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