Fellow Binancians,
Binance is announcing that it has updated its Secure Asset Fund for Users (SAFU) valued at $1 Billion. Users can view the Secure Asset Fund wallets on wallet address 1 and wallet address 2.
Binance calls on all centralized exchanges to publish their fund wallet addresses, as it will benefit the entire ecosystem and demonstrate to governments, regulators, and important stakeholders our collective commitment to uphold trust, integrity, and transparency in the crypto ecosystem.
The SAFU is an emergency fund that was established by Binance in July 2018 to protect user funds. When the fund was established, Binance began allocating 10% of all trading fees in order to grow it to a sizable level to safeguard users’ interests. Moving forward, Binance will continue to monitor the size of the SAFU in order to ensure the fund size remains adequate to protect users’ interests.
Note: The $1 Billion value is based on the opening prices of 2022-01-29.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-01-31
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Note: This announcement was last updated on 2023-03-28.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.