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Binance to convert $1B SAFU fund into Bitcoin reserves
['Vivian Nguyen']
Crypto Briefing
The exchange has advanced the crypto ecosystem through user protection, compliance, and blockchain development.
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.
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.
By the end of 2025, Binance’s proof-of-reserves showed user assets of approximately $163 billion fully backed across 45 crypto assets.