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🔥BULLISH

Binance SAFU Holds 15,000 BTC to Protect Users

The roughly $1 billion reserve ties a user-protection backstop to Bitcoin’s market value, making its size a notable security-fund metric.

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.

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Frequently asked questions

  1. How much Bitcoin does Binance’s SAFU hold?

    Binance’s Secure Asset Fund for Users holds approximately 15,000 BTC.

  2. What is the reported value of the SAFU reserve?

    The reserve is valued at around $1 billion.

  3. What is the SAFU fund intended to protect against?

    It is intended to protect users against eligible security-related losses.

  4. 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.

  5. 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.

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Aggregated from CoinTelegraph · Verified · Last refreshed 1h ago
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