Bitget Tops Up User Protection Fund to 3,705 BTC, Worth $316M

The significance here is less the headline number than the funding source: a top-up from the exchange's own capital signals a deliberate choice to absorb that cost rather than pass it to users or rely on trading revenue. The 131% reserve ratio across 19 assets matters because it covers only the largest holdings, leaving the treatment of smaller or newer listings as the open question. What to watch is whether other exchanges treat self-funded protection as a competitive standard or a one-off, and whether reserve coverage broadens beyond the major-asset set.