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Singapore, November 15 (ANI/PRNewswire): Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This is part of Bitget's major efforts in building the trust of the crypto market after FTX's collapse, leaving users with massive losses. The initiatives come along with a 5 million USD Builders' Fund to support FTX users, coupled with the plan to share the Merkle Tree Proof of Reserves, which is under preparation and will soon be released in 30 days. Bitget's Protection Fund was launched in July this year with the objective to safeguard user's crypto assets. It was set up with a fund worth of 200 million USD, consisting of 6000 BTC and 80 million USDT. The fund is completely self-funded, allowing more flexibility and discretion to efficiently cover users' assets without external bureaucracy or policy changes. The increased 300 ....

Gracy Chen , Lionel Messi , Builder Fund , Expansion For Bitget Protection Fund , Protection Fund , Team Spirit , Bitget Protection Fund , Merkle Tree Proof , Managing Director , Ovember 15 Ani Prnewswire Leading Global Cryptocurrency Exchange , Itget Announces That It Will Increase Its Protection Fund To 300 Million Usd , N Order To Provide Better Protection And Further Assurance Crypto Users This Is Part Of Bitget 39s Major Efforts In Building The Trust Market After Ftx Collapse , Eaving Users With Massive Losses The Initiatives Come Along Witha 5 Million Usd Builders 39 Fund To Support Ftx , Oupled With The Plan To Share Merkle Tree Proof Of Reserves , Hich Is Under Preparation And Will Soon Be Released In 30 Days Bitget 39s Protection Fund Was Launched July This Year With The Objective To Safeguard User Crypto Assets It Set Up Witha Worth Of 200 Million Usd , Onsisting Of 6000 Btc And 80 Million Usdt The Fund Is Completely Self Funded , Llowing More Flexibility And Discretion To Efficiently Cover Users 39 Assets Without External Bureaucracy Or Policy Changes The Increased 300 Million Usd Protection Fund Will Be Made Up Of Popular Cryptocurrencies High Liquidity , Such As Btc , Nd Usdc The Exchange Has Pledged To Secure Value Of Fund For Next Three Years With No Withdrawal If Drops As Price Btc Declines , Itget Will Continue To Cover The Position Ensure That Balance Is Not Less Than 300 Million Usd , T All Times To Ensure Transparency , Ll The Information About Fund Is Open To Public And Users Can View Wallet Addresses Here Gracy Chen , Anaging Director Of Bitget , Uot Expansion For Bitget Protection Fund Is Another Move By To Help Enhance Trust And Confidence In The Crypto Space Asa Whole Working As An Emergency Reserve With Additional Capital , He Fund Would Be Able To Offer Top Notch Safety And Protection For Users , Specially In Extreme And Unpredictable Situations The Crypto Space We Believe That Risk Management Policies Such As Protection Funds Would Become Norm For Prominent Reliable Exchanges Quot She Adds ,