Bitget released its latest Protection Fund report, saying the exchange’s user protection fund had an average valuation of $382 million in August 2026 as Bitcoin gained strength in the second half of the month.
The fund reached $441.5 million on Aug. 27, the highest level of the month, and stood at $345.3 million on Aug. 1, the monthly low. Throughout August, the fund remained above Bitget’s original $300 million commitment, with reserves backed by 5,500 BTC held by the company.
Based on the daily figures disclosed for the protection fund, Bitcoin traded between $62,773 and $80,268 during August. Bitget said BTC was relatively stable at the start of the month, then moved sharply higher in the second half, briefly breaking above $80,000 before easing back by month-end. The price rose from $62,773 on Aug. 1 to $78,553 on Aug. 31, up more than 25%. As Bitcoin climbed, the protection fund, which is primarily held in BTC, was valued at about $432 million at the end of the month.
Regular disclosure and asset protection
Bitget said it created the user protection fund in 2022 as part of its platform risk protection framework. The fund is intended to provide asset protection during extreme market events. Its valuation is updated and disclosed on a regular basis so users can track reserve levels as market prices change.
CEO Gracy Chen said, 「Strong market performance does not make safeguards any less important. As the Bitget ecosystem expands into more asset classes, user protection and transparency must rise in step. Maintaining sufficient on-chain reserves and publicly disclosing their value is an important part of building trust in the platform.」
Protection Fund and Proof of Reserves
Bitget said the Protection Fund operates alongside its Proof of Reserves, or PoR, system. According to the company, PoR shows that reserves in major assets exceed user holdings. The two mechanisms form part of Bitget’s security structure by combining verifiable reserves with an additional capital buffer meant to provide extra coverage in the event of unexpected incidents.
The company added that as it expands its Universal Exchange ecosystem to include crypto assets, tokenized stocks, commodities and other financial markets, transparency and verifiable safeguards remain part of its risk management structure. Bitget said those features become more important as users trade a wider range of asset classes on a single platform.
Company and wallet details included in the release
In the release, Bitget said it was founded in 2018 and described itself as the world’s largest Universal Exchange. The company said it serves more than 125 million users and offers trading in more than 2 million crypto tokens as well as over 500 tokenized stocks, ETFs, commodities, foreign exchange products and precious metals such as gold. It also said its ecosystem is using AI agents that can help execute trades.
Bitget said it is promoting cryptocurrency adoption through strategic partnerships including MotoGP. It also said it is working with UNICEF with a goal of supporting blockchain education for 1.1 million people by 2027. The company added that it holds a leading position in tokenized traditional finance, or TradFi, and provides pricing and liquidity services across 150 regions worldwide.
The article also included details on Bitget Wallet, which Bitget described as a self-custodial Web3 wallet serving more than 100 million users. According to the company, the wallet supports more than 130 major blockchain networks and millions of crypto assets, with features covering asset management, multi-chain trading, staking, payments, market data, DApp browsing and yield products. It said users can directly access more than 20,000 decentralized applications. Bitget Wallet also aggregates hundreds of decentralized exchanges and cross-chain bridges, supports multi-chain swaps and cross-chain interactions, and has a $300 million user protection fund.