Bitget $351M Protection Fund Gets a Boost From Bitcoin July Recovery
- Bitget’s Protection Fund averaged $351M in July as Bitcoin’s recovery lifted its value.
- The fund reached a monthly high of $365.9M on July 21, backed by 5,500 BTC.
- Bitget CEO says user protection should remain constant despite market changes.
Bitget has revealed that its Protection Fund averaged $351 million in July 2026, staying above the exchange’s original $300 million target as Bitcoin’s price recovered from June’s market drop.
The fund reached a high of $365.9 million on July 21 and a low of $329.8 million on July 1, according to Bitget’s latest report. It stayed above $300 million throughout the month, supported by its 5,500 BTC holdings.
Bitcoin Recovery Boosts Protection Fund
Bitcoin’s recovery in July helped increase the dollar value of Bitget’s BTC-backed Protection Fund. Bitcoin traded between $59,968 and $66,521 during the month. It…
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