Bitget, which describes itself as the world’s largest Universal Exchange (UEX), has published its latest Protection Fund report, showing an average valuation of $382 million in August 2026 as Bitcoin’s rally lifted the U.S. dollar value of the exchange’s BTC-denominated reserves.
According to the report, the Protection Fund reached a monthly high of $441.5 million on August 27 and a monthly low of $345.3 million on August 1. Throughout the month, the fund remained above its original $300 million commitment, backed by Bitget’s 5,500 BTC holdings. Based on the exchange’s daily data, Bitcoin traded between $62,773 and $80,268 during August.
Bitcoin began August at $62,773 and ended the month at $78,553, gaining more than 25%. The rally accelerated in the second half of the month, briefly pushing the price above $80,000 before easing toward month-end. As a result, the Protection Fund’s valuation ended August at approximately $432 million.
Established in 2022, the Protection Fund is designed to provide an additional layer of security for user assets during extreme market events. Its valuation is published transparently and updated regularly. Gracy Chen, CEO of Bitget, said: “Strong markets don’t reduce the need for strong safeguards. As our ecosystem expands across asset classes, user protection and transparency have to scale with it.”
The fund operates alongside Bitget’s Proof of Reserves, which maintains reserves exceeding user assets across major holdings. The update comes as Bitget continues expanding its Universal Exchange ecosystem across crypto assets, tokenized stocks, commodities, and other financial markets.
