HomeAltcoinsBinance Tops Up Emergency Insurance Fund 'SAFU' to $1B After BNB Volatility

Binance Tops Up Emergency Insurance Fund ‘SAFU’ to $1B After BNB Volatility

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Binance Tops Up Emergency Insurance Fund ‘SAFU’ to $1B After BNB Volatility

SAFU is an emergency insurance fund that was established by Binance in July 2018 to protect users’ funds. When the fund was established, Binance committed a percentage of trading fees to grow it to a sizable level to safeguard users. The fund’s value fluctuates based on the market and SAFU fund wallets comprise BNB, BUSD, and BTC.

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