Binance, the world’s largest crypto exchange by trading volume, announced today it will convert its $1 billion Secure Asset Fund for Users (SAFU) from stablecoin reserves into Bitcoin within 30 days.
The exchange said the move reflects its belief that “BTC serves as the core asset in the crypto ecosystem and represents long-term value.”
Binance will monitor the fund’s market value and rebalance if it falls below $800 million due to Bitcoin price fluctuations, restoring it to $1 billion.
The SAFU was established in July 2018 as a financial safety net funded by Binance’s spot trading fees to protect users from platform vulnerabilities.
In 2025, Binance reported recovering $48 million across 38,648 cases of incorrect deposits, bringing cumulative recoveries to over $1 billion. The exchange said it helped 5.4 million users identify potential risks, preventing approximately $6.7 billion in scam-related losses.
Binance also collaborated with global law enforcement, leading to the confiscation of $131 million in illicit funds.
By the end of 2025, Binance’s proof-of-reserves showed user assets of approximately $163 billion fully backed across 45 crypto assets.