Bitget's protection fund average size in November exceeded 400 million USD, a 12% increase from last month, surpassing the historical peak

ChainCatcher news, Bitget announced the latest data on the protection fund for November. The data shows that the highest scale of the protection fund in November was $410.37 million (November 16), and the lowest scale was $389.36 million (November 1). The average scale was $401.31 million, an increase of 12% compared to the previous month, surpassing the historical peak. These assets are stored in public addresses, allowing users to track and verify them in real time.

Bitget's protection fund was launched in August 2022, with an initial scale of $200 million, aimed at protecting users' assets in the event of force majeure, hacking attacks, or extreme market conditions. In November 2022, Bitget raised the fund's scale to over $300 million, and Bitget committed to maintaining the fund's value above $300 million for the next three years.