Binance Commits $1 Billion SAFU Fund to Bitcoin: But What Does It Really Mean for Price?

Binance, the world’s largest crypto exchange on trading volume metrics, announced plans to convert the entire $1 billion reserve of its Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the next 30 days.

The move comes as markets reel from a $1.7 billion crypto liquidation wave and from up to $9 trillion in whiplash across assets.

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Binance To Convert $1 Billion SAFU Fund to Bitcoin: All You Need to Know

The SAFU fund, established in 2018 and funded by…