Bitget Releases July 2023 Protection Fund Valuation Report
Bitget has completed the valuation tracking and assessment of the Bitget Protection Fund for July 2023. As of the end of July, the Bitget Protection Fund maintained a value of over $300 million throughout the month:
• Highest Value: 368 million USDT (July 14th)
• Lowest Value: 353 million USDT (July 25th)
• Average Value: 359 million USDT
In 2022, we introduced the Bitget Protection Fund to ensure a more comprehensive protection of user assets. The fund commenced with an initial scale of $300 million, and Bitget pledges to maintain the fund's valuation at over $300 million. For more details about the Protection Fund, please visit: Bitget Protection Fund.
To ensure the safety of user assets, Bitget has also launched the Proof of Reserves page, with data updated monthly, ensuring that our clients' funds have at least a 1:1 reserve ratio.
Thank you for your continued support and trust!