The announcement followed a sharp Bitcoin selloff that triggered more than $1.7 billion in liquidations across crypto markets ...
Binance moved about 1,315 Bitcoin into its Secure Asset Fund for Users (SAFU) as it begins a 30-day shift of the user ...
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 has started converting the assets backing its Secure Asset Fund for Users (SAFU) into Bitcoin, executing an initial purchase of 1,315 BTC worth ...
Binance adds 1,315 Bitcoin to SAFU reserve, starting $1B reserve shift from stablecoins toward Bitcoin-backed protection.
Binance buys $100M Bitcoin under SAFU plan, fueling speculation of central bank-style support amid market sell-offs.
Binance will move its entire $1 billion user protection fund into Bitcoin over the next 30 days. The exchange said it will ...