logo
Bitget Protection Fund Surges over 140% Since Inception Hits All Time High of $725M

Bitget Protection Fund Surges over 140% Since Inception Hits All Time High of $725M

VICTORIA, Seychelles, June 11, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has released a May 2025 report for its user security fund called the Protection Fund, which hit a new peak valuation of $725.1 million in May, marking its highest level since inception. The fund, designed to safeguard user assets in extreme market conditions, showed steady growth throughout the month, with an average monthly valuation of $673.5 million.
Originally launched with a $300 million reserve, the fund has grown by over 140%, aligned with the appreciation of BTC holdings and Bitget's strategic focus on market insurance. The fund's value fluctuates in accordance with the price of Bitcoin, with May's performance boosted by BTC trading above $110,000 on multiple occasions.
Graph of Bitget Protection Fund Valuation in May 2025
This level of capital reserve positions Bitget among the top exchanges globally in terms of user asset security through on-chain protection mechanisms.
As volatility continues to define the broader crypto environment, the rise in fund valuation serves as a key signal of resilience. The increase shows the effectiveness of holding reserves in BTC and the confidence in the long-term fundamentals of the asset.
Bitget continues to publicly disclose regular snapshots of the Protection Fund wallet to maintain transparency. The reserve remains untouched and unleveraged, offering users a layer of reassurance against incidents such as platform breaches, asset freezes, or unforeseen events affecting trading integrity.
Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget's steady platform growth and smart financial management. Bitget's security framework is built on a comprehensive, multi-layered approach that goes well beyond its multi-million dollar Protection Fund and over 100% Proof of Reserves.
With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification asserting best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.
With institutional and retail attention on risk management intensifying, the growing scale of Bitget's Protection Fund is an integral part of the platform's strength.
For more information and monthly updates on the Protection Fund, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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 Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (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
For media inquiries, please contact: [email protected]
Risk Warning:
Photos accompanying this announcement are available at

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

South Africa to Give Transnet More Guarantees to Settle Debt
South Africa to Give Transnet More Guarantees to Settle Debt

Bloomberg

timean hour ago

  • Bloomberg

South Africa to Give Transnet More Guarantees to Settle Debt

South Africa's government said it will give Transnet SOC Ltd. additional guarantees so the troubled state ports and freight railway operator can settle all its debt that falls due and execute its capital-investment program. Transport Minister Barbara Creecy announced the approval of a 51 billion rand ($2.9 billion) guarantee facility for Transnet last month and the process of giving it additional support will be finalized by July 25, according to the Department of Transport. The company's five-year corporate plan shows it needs to repay 99.6 billion rand.

A Comprehensive Guide to Deposit and Withdrawal Methods at 7XL
A Comprehensive Guide to Deposit and Withdrawal Methods at 7XL

Time Business News

time2 hours ago

  • Time Business News

A Comprehensive Guide to Deposit and Withdrawal Methods at 7XL

The 7XL platform offers a comprehensive suite of payment methods designed to accommodate the diverse preferences and needs of players worldwide. Each method provides unique advantages in terms of speed, convenience, and security, allowing users to choose the option that best suits their individual requirements. Credit and debit cards, particularly Visa and Mastercard, represent one of the most straightforward and widely recognized deposit methods available on the platform. The process is intuitive for most users, with funds typically appearing in the player's account almost immediately after transaction approval. This method provides maximum convenience, though it does require sharing card details with the platform's secure payment processing system. Digital wallet services such as Skrill, Neteller, and ecoPayz have become increasingly popular among online gaming enthusiasts. These services act as an intermediary between the user's bank account and the gaming platform, adding an essential layer of privacy and security. Since there's no need to expose sensitive financial details directly to 7XL, e-wallets provide peace of mind while maintaining instant deposit capabilities. For technologically oriented users, 7XL supports deposits via leading digital currencies including Bitcoin (BTC) and Ethereum (ETH). According to Coinbase, cryptocurrency transactions offer a high level of anonymity, relatively low transaction fees, and impressive speed. Funds become available for play after receiving the required number of confirmations on the blockchain network, a process that usually takes just a few minutes. While considered slower compared to modern alternatives, direct bank transfers remain a reliable and secure option for players who prefer traditional methods or need to deposit larger sums. These transactions benefit from the established security protocols of the banking industry. The withdrawal process at 7XL is designed for efficiency, though processing times vary significantly between different methods. Withdrawals to e-wallets typically represent the fastest option, with requests processed within 24 hours. Cryptocurrency withdrawals also offer high speed, with funds transferred to the user's digital wallet usually within a few hours. In contrast, withdrawals to credit cards or via bank transfer are subject to traditional banking system processing times and may take between 1 to 5 business days to complete. Understanding the fee structure is crucial for effective bankroll management. 7XL generally does not charge fees for deposits, though charges may apply from payment providers themselves, such as network fees in cryptocurrency transactions. For withdrawals, the platform may charge a small handling fee depending on the chosen method and withdrawal frequency. Players are strongly advised to consult the detailed and up-to-date fee table available on the 'Cashier' page of the 7XL website before conducting any financial transactions. As a regulated platform, 7XL maintains strict security processes in compliance with industry standards. An integral component of this security framework is the 'Know Your Customer' (KYC) process. Before processing the first withdrawal, players are typically required to verify their identity by uploading identification documents, such as a government-issued ID and proof of address. According to Financial Crimes Enforcement Network (FinCEN), these verification procedures are essential for preventing fraud, money laundering, and protecting player funds. While the process may seem comprehensive, completing verification in advance ensures smoother and faster processing of future withdrawals. The platform employs multiple layers of security to protect user data and financial transactions. This includes SSL encryption protocols that secure all data transmission between users and the platform, ensuring that sensitive information remains protected from unauthorized access. The 7XL platform provides a flexible and sophisticated financial ecosystem that empowers users to select deposit and withdrawal methods that align with their specific preferences and requirements. Understanding the distinctions between various options—including processing speeds, associated costs, and security levels—enables players to manage their funds efficiently while maintaining complete confidence in their financial activities. By making informed decisions about payment methods, users can ensure quick access to their funds and enjoy a seamless, worry-free gaming experience on the platform. Whether prioritizing speed, security, or convenience, 7XL's diverse payment portfolio accommodates every player's unique financial management needs. TIME BUSINESS NEWS

Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption
Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption

Business Insider

time2 hours ago

  • Business Insider

Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption

Singapore, Singapore, June 12th, 2025, Chainwire Nearing the token generation event coming up on June 23rd, Polemos has announced a strategic partnership with BUFF focused on accelerating the integration of Web3 technologies within the gaming sector and facilitating broader user adoption. This collaboration unites two industry leaders with a shared vision to bridge the gap between traditional Web2 gaming and the emerging decentralized landscape. The partnership leverages the respective strengths of Polemos, a platform specializing in NFT utility and decentralized gaming ecosystems, and BUFF, a rewards platform focused on enhancing user engagement and rewards within gaming ecosystems. Together, they will collaborate on initiatives designed to educate and onboard mainstream gaming audiences into the Web3 industry while simultaneously offering value and utility to veteran players in the wider ecosystem. It's also important to highlight that BUFF is home to 18 million registered gamers on its platform. On Polemos, players can lend, rent, and trade game assets with ease, with all rewards in one place, no hassle. Plus, their scholarship program gives gamers an extra boost to grow, play, and earn more. BUFF, on the other hand, rewards players for their in-game activity through challenges and achievements. Users earn BUFF points, which can be redeemed for various digital and physical rewards, including gift cards, gaming gear, and more. This strategic alliance aims to deliver enhanced value to users by creating more accessible, engaging, and rewarding pathways into Web3 gaming. Through joint development efforts, knowledge sharing, and collaborative initiatives, Polemos and BUFF intend to reshape user experiences and unlock new revenue opportunities within the evolving gaming market. 'We believe this partnership will serve as a key catalyst for educating and empowering gamers worldwide,' said Carl Wilgenbus, CEO of Polemos. 'Our platform is built to help users truly understand the potential of Web3, offering the tools and support needed to earn and grow within this new paradigm.' "This partnership represents a meaningful step in our mission to expand access to gaming rewards and bridge the gap between mainstream gaming and emerging technologies,' said Elay De Beer, CEO of BUFF. 'Together with Polemos, we aim to simplify and elevate the way players interact with Web3 ecosystems — making them more accessible, rewarding, and trusted.' Both Polemos and Buff are committed to achieving measurable outcomes and establishing new standards of excellence within the Web3 gaming industry. Interested parties can participate in the Polemos IDO on Kommunitas, a decentralized launchpad connecting web3 projects with potential investors. It facilitates successful fundraising, which will enable Polemos to make a strong market impact with the launch of its key utility token, $PLMS, on June 23rd. Kommunitas has a portion of the token allocation for the anticipated $PLMS launch. Full details available here: Polemos is a leading Web3 gaming infrastructure platform, enabling seamless player onboarding, asset management, and engagement across blockchain games. Through strategic partnerships and innovative technologies, we bridge Web2 and Web3 gaming, creating a frictionless experience for players. The platform focuses on creating awareness by educating mainstream Web2 players about the opportunities and value within Web3 games and blockchain technology. It simplifies access by breaking down blockchain complexities, making crypto transactions and participation in Web3 gaming straightforward and effortless. Additionally, Polemos enhances engagement by building innovative tools and features that enrich gameplay, deepen player interactions, and empower gaming communities. About BUFF BUFF, founded by Elay De Beer, Ophir Gertner, and Ophir Sarapi, operates as a virtual gaming economy platform that rewards gamers simply for playing. It enables gamers to accumulate points in the background as they continue to play uninterrupted, benefiting gamers with a new incentive to spend more time gaming, and opening a new marketing approach for game publishers to interact for longer periods to increase loyalty to their brands. Kommunitas is a decentralized, tier-less crowdfunding platform that has launched over 236 Web3 projects and raised $34.87 million, empowering startups and blockchain projects to grow through a fair, transparent, and community-driven approach. Its tier-less system allows anyone to participate in fundraising opportunities, and with a revenue-sharing model, Kommunitas offers long-term benefits for its community. Contact

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store