DevHacker Noon1 day ago
Crypto Exchange Protection Funds vs. FDIC/SIPC
10 min read
Crypto held on an exchange is not covered by FDIC or SIPC, which protect bank deposits and brokerage assets respectively. Exchanges like Binance and Bitget maintain separate protection funds, such as Binance's SAFU and Bitget's $300 million fund, which are corporate reserves for security incidents, not statutory insurance.
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