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Singapore-based crypto exchange Bitget establishes $200 million protection fund
Singapore-based crypto exchange Bitget has launched a $200 million fund to protect its users' assets. The Bitget Protection Fund was created to provide security and to ensure secure trading for its users, the company said in a news release on Friday. The fund, which is currently worth about $200 million, consists of 6,000 BTC and 80 million USDT. The company has pledged to secure its value for the next three years. Crypto investors have experienced a volatile period over the last two months amid unfavorable macroeconomic conditions in the traditional finance field. Bitget has also put in place stringent KYC and AML ... (full story)