Binance will convert its $1 billion SAFU emergency fund from stablecoins into Bitcoin over the next 30 days. The shift comes as Binance faces fresh backlash over Binance Alpha listings that surged ...

The crypto exchange finalized a 30-day plan to convert its stablecoin-backed user protection fund into 15,000 BTC, reinforcing bitcoin as its long-term reserve asset.

・Binance added 1,315 Bitcoin worth about $100.7 million to its SAFU insurance fund. ・Binance announced last week that it plans to convert $1 billion in SAFU reserves from stablecoins into Bitcoin.

As the bitcoin price slumps, Binance said it will convert the $1 billion stablecoin-backed Secure Asset Fund for Users entirely into bitcoin over the next 30 days. Binance said Friday it will convert ...

Binance bought another $300 million worth of Bitcoin to surpass $700 million in Bitcoin holdings through its SAFU emergency ...