#What is Binance’s Recent Move with Its SAFU Fund?
Binance, the largest cryptocurrency exchange globally by trading volume, is taking significant steps to strengthen user security. The exchange announced that it will convert its $1 billion Secure Asset Fund for Users, commonly known as SAFU, from stablecoin reserves into Bitcoin over a period of 30 days. This decision underscores Binance’s perspective that Bitcoin serves as the foundational asset in the cryptocurrency ecosystem, representing long-term value.
#How Will Binance Manage the Fund’s Value?
The exchange plans to continuously monitor the market value of the SAFU fund. If Bitcoin’s price fluctuations cause the fund's value to dip below $800 million, Binance has set a strategy to rebalance it back to the $1 billion mark. This proactive management ensures that user assets remain protected as much as possible in an inherently volatile market.
#What is the Purpose of the SAFU?
Established in July 2018, the SAFU serves as a financial safety net made possible by funding from Binance's spot trading fees. Its primary goal is to protect users from vulnerabilities on the platform. This layer of security has already shown its effectiveness; in 2025, Binance reported recovering $48 million from 38,648 incorrect deposit cases, bringing its total recoveries to over $1 billion. Additionally, the exchange has helped 5.4 million users spot potential risks, effectively preventing around $6.7 billion in scam-related losses.
#How is Binance Collaborating with Authorities?
In its efforts to enhance security, Binance has actively worked with global law enforcement agencies. These collaborations have resulted in the confiscation of illicit funds totaling $131 million, further reinforcing Binance's commitment to user safety and industry integrity.
#What Are Binance’s User Asset Figures?
By the end of 2025, Binance’s proof-of-reserves indicated that user assets amount to approximately $163 billion, fully backed across 45 different crypto assets. This highlights the exchange's robust financial health and its dedication to maintaining user trust in such a dynamic market.