Latest news with #ProtectionFund
Associated Press
2 days ago
- Business
- Associated Press
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
Al Bawaba
20-05-2025
- Business
- Al Bawaba
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Bitget , the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange's ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets. The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget's risk mitigation framework. 'Our Protection Fund continues to reflect the strength of Bitget's long-term security strategy,' said Gracy Chen, CEO of Bitget. 'As conditions in the crypto market evolve, the fund's performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.' 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 $516M Protection Fund and 191% Proof of Reserves . With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing 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. For more information and monthly updates on the Protection Fund, visit here .
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
VICTORIA, Seychelles, May 14, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange's ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets. The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget's risk mitigation framework. 'Our Protection Fund continues to reflect the strength of Bitget's long-term security strategy,' said Gracy Chen, CEO of Bitget. 'As conditions in the crypto market evolve, the fund's performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.' 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 $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing 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. 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 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 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 media inquiries, please contact: media@ 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. Photos accompanying this announcement are available at
Associated Press
14-05-2025
- Business
- Associated Press
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
VICTORIA, Seychelles, May 14, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange's ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets. The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget's risk mitigation framework. 'Our Protection Fund continues to reflect the strength of Bitget's long-term security strategy,' said Gracy Chen, CEO of Bitget. 'As conditions in the crypto market evolve, the fund's performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.' 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 $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing 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. 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 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 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
Zawya
21-04-2025
- Business
- Zawya
Oman: $519,480 pact inked to support social security families
Muscat – Ministry of Social Development and Al Jisr Foundation signed a RO200,000 financing agreement on Sunday to support the Istiqrar (Stability) programme aimed at assisting families registered under the Social Protection Fund. The agreement was signed by H E Dr Laila bint Ahmed al Najjar, Minister of Social Development, and Dina Fawzi al Khalili, Director General of Al Jisr Foundation. The partnership seeks to strengthen collaboration between the public and charitable sectors in supporting eligible social security families, and to lay out a clear mechanism for implementing the Istiqrar programme in line with criteria and standards outlined in the agreement. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
