Bitget, a leading cryptocurrency exchange, has announced the launch of its Fund Custody Service, a new feature designed to elevate the safety of users’ assets. The service is aimed at providing users with a secure and reliable way to store their digital assets, and it is expected to be particularly popular among institutional investors and high-net-worth individuals.
The launch of the Fund Custody Service is the latest move by Bitget to establish itself as a leading player in the cryptocurrency space. The company has already made a name for itself with its advanced trading platform, which offers a wide range of trading pairs and a highly responsive user interface.
Users must store a total of 100,000 USD worth of assets on the platform (including spot, futures, Bitget Earn, fiat cash, and leverage) in order to be eligible for the Fund Custody service. The user will then be given a separate custodial wallet with its own dedicated address to check balances and withdraw money that is not part of the main reserve, once the application has been granted.
The Fund Custody Service is built on top of Bitget’s state-of-the-art security infrastructure, which includes multi-signature wallets, cold storage, and real-time monitoring. The service also features a comprehensive insurance policy, which covers users’ assets against loss or theft.
In addition to its security features, the Fund Custody Service also offers a range of other benefits. These include the ability to customize trading strategies, and the option to participate in OTC trades and other exclusive investment opportunities.
Gracy Chen, Managing Director of Bitget, said, “Protecting our customers’ assets is, and always will be, our top priority at Bitget. Ever since the collapse of some bad actors in the industry, we have taken a series of initiatives for heightened protection. In addition to the security offered with our US$300 million Bitget Protection Fund and Merkle tree Proof of Reserves, we are proud to announce our Fund Custody service. The new service, equipped with industry-grade security systems and dedicated wallet addresses for qualified users, shall further foster transparency and elevate safety for our users and their funds.”
In addition to the Fund Custody Service, Bitget also plans to launch a number of other new features in the coming months. These include an enhanced mobile app, a new API, and a range of educational resources to help users navigate the complex world of cryptocurrency.
Overall, the launch of the Fund Custody Service is a major milestone for Bitget and is expected to help the company attract even more users and solidify its position as a leading player in the cryptocurrency market.