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Binance's Secure Asset Fund for Users (SAFU) has exceeded $1 billion
2022.01.31 - 11:15
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7x24h News
Binance's Secure Asset Fund for Users (SAFU) has exceeded $1 billion
Binance announced that its user-facing Binance "Secure Asset Fund for Users" (SAFU) has reached $1 billion.
2022.01.31 - 11:15:31
Navigating Web3 tides with focused insightsTechFlow reports on January 31 that Binance announced its user-focused "Secure Asset Fund for Users" (SAFU) has reached $1 billion. Established in July 2018, the fund aims to protect the asset security of Binance users. At its inception, Binance committed to allocating a portion of its earnings to the safeguard fund to ensure it grows to a sufficient size to protect investors' interests. Binance stated that with SAFU now standing at $1 billion, it is fully capable of securing users' assets, and the company will continue supporting SAFU to maintain its balance at no less than $1 billion going forward.
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