Bitget's Protection Fund Soars as Bitcoin Recovers

Bitget's Protection Fund saw significant growth in July 2026, averaging $351 million as Bitcoin's price recovery boosted its value. The fund reached a monthly high of $365.9 million on July 21, backed by 5,500 BTC.

The exchange's CEO, Gracy Chen, emphasized the importance of maintaining user protection despite market fluctuations, stating 'Market direction may change, but user protection shouldn't.' Bitget's Protection Fund was launched in 2022 to provide users with extra security during major market events.

Bitget is expanding its Universal Exchange (UEX) beyond traditional crypto trading, offering access to tokenized stocks, commodities, and other financial markets. The exchange prioritizes clear reserve reporting and strong security measures to protect users as it adds more types of assets.