Bitget Protection Fund Surpasses $600M, Underscores Exchange’s Commitment to Asset Security and Transparency
Bitget, a leading cryptocurrency exchange and Web3 company, has seen its protection fund grow significantly, reaching an average valuation of $561 million in April 2025—more than double its initial $300 million in 2022. The fund peaked at $617 million and dipped to $496 million during April, reflecting robust risk management amid market volatility. This development follows the fund’s prior February average of $623 million, which highlights stability through shifting market conditions and regulatory landscapes. Bitget’s CEO, Gracy Chen, reiterated the company’s dedication to user asset safeguarding and long-term security. The platform upholds a multi-layered security framework, maintaining a 191% proof of reserves ratio, monthly Merkle Tree audits, ISO 27001:2022 certification, SSL encryption, and 24/7 monitoring—achieving zero security incidents since 2018 and securing an AAA safety rating. These continued efforts establish Bitget as a trusted, transparent exchange across 100+ global markets and reinforce industry standards for security and user confidence. For crypto traders, these measures signal Bitget’s reliability and may enhance its attractiveness as a secure trading venue.
Bullish
Bitget’s expanded protection fund and robust risk management measures, including a 191% proof of reserves, monthly audits, and a multi-year track record of zero security incidents, demonstrate the exchange’s financial strength and security commitment. These actions enhance user confidence, which is likely to attract more traders to the platform and may increase trading volume. Historically, enhanced transparency and security at exchanges lead to greater user retention and inflow of assets, supporting a bullish outlook for Bitget’s ecosystem in both the short and long term.