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Bitget's Protection Fund, established in August 2022, is now one of the crypto industry's largest self-insured funds. Its primary aim is to provide an extra layer of security for users' crypto assets, guarding against threats like hacks, scams, and extreme market volatility.
Standing out as the industry's largest self-insured fund, Bitget's Protection Fund instills confidence among users by shielding them from potential risks. Unlike other models, this fund operates independently, ensuring swift and efficient protection without relying on external regulations or approvals.
With a self-funded structure, the Protection Fund offers robust security, unaffected by external constraints. This approach not only enhances user confidence but also ensures quick responses in critical situations.
Moreover, the fund's diversified portfolio, including high-liquidity cryptocurrencies like BTC, USDT, and USDC, further bolsters its stability and liquidity against external factors.
In February, the Protection Fund demonstrated stable growth, reaching an all-time high valuation of over $543 million by month-end. As of March 2024, its valuation fluctuated between $540 million and $612 million, showcasing its resilience and adaptability to market movements.
Standing out as the industry's largest self-insured fund, Bitget's Protection Fund instills confidence among users by shielding them from potential risks. Unlike other models, this fund operates independently, ensuring swift and efficient protection without relying on external regulations or approvals.
With a self-funded structure, the Protection Fund offers robust security, unaffected by external constraints. This approach not only enhances user confidence but also ensures quick responses in critical situations.
Moreover, the fund's diversified portfolio, including high-liquidity cryptocurrencies like BTC, USDT, and USDC, further bolsters its stability and liquidity against external factors.
In February, the Protection Fund demonstrated stable growth, reaching an all-time high valuation of over $543 million by month-end. As of March 2024, its valuation fluctuated between $540 million and $612 million, showcasing its resilience and adaptability to market movements.
