Binance’s Secure Asset Fund for Users (SAFU) holds approximately 15,000 BTC, valued at around $1 billion, to protect users against eligible security-related losses.
Frequently asked questions
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How much Bitcoin does Binance’s SAFU hold?
Binance’s Secure Asset Fund for Users holds approximately 15,000 BTC.
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What is the reported value of the SAFU reserve?
The reserve is valued at around $1 billion.
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What is the SAFU fund intended to protect against?
It is intended to protect users against eligible security-related losses.
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Why can the SAFU reserve’s dollar value change?
The reserve is held in Bitcoin, so its dollar valuation can move with BTC’s market price.
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Is the reported $1 billion valuation a fixed amount?
No. It is a valuation of the Bitcoin holdings, and the dollar value can change as Bitcoin’s market price moves.
CoinTelegraph