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Binance to Convert $1B SAFU to Bitcoin in 30 Days; Will Top Up If Under $800M — Assets.beincrypto.com

Binance to Convert $1B SAFU to Bitcoin in 30 Days; Will Top Up If Under $800M

Binance, the world’s largest crypto exchange by trading volume, said it will convert the entire $1 billion reserve of its Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the next 30 days. The SAFU fund, created in 2018 and funded by Binance's trading fee