Binance plans to convert its $1B SAFU Fund into Bitcoin reserves, aiming to strengthen user protection and market confidence. The exchange intends to trade $1B stablecoin reserves for Bitcoin reserves in 30 days. Binance Restructures SAFU Fund as Bitcoin Reserve StrategyAccording to Binance, the conversion of the SAFU Fund will be done gradually in order to manage the market impact. Related Reading: Cathie Wood Blames Binance for Bitcoin’s October Crash | Live Bitcoin NewsShould the price volatility in the Bitcoin price fall the SAFU Fund below $800M, Binance will add Bitcoin. By holding the SAFU Fund’s reserves in the form of bitcoin, Binance stated it will be sharing in industry uncertainty.