Bitget, a leading cryptocurrency exchange and Web3 company, announced its Protection Fund valuation for October 2024, highlighting its commitment to safeguarding user assets and financial stability. Despite market fluctuations, the fund maintained an average value of $424 million, exceeding its initial value of $300 million. This demonstrates Bitget’s dedication to providing a secure environment for users in the volatile crypto market.
Coinbase, the largest publicly traded crypto exchange in the U.S., is poised to benefit from the growing adoption of crypto assets. The company’s dominance in the American market provides it with a strong competitive advantage. Fundamental analysis suggests that Coinbase’s valuation is currently undervalued. The valuation analysis indicates a fair share price of $311, a 47% upside potential from its current price. However, investors should be aware of the volatility associated with cryptocurrencies, which can impact Coinbase’s revenue and stock price.
