Binance, in the next one month, will be converting its Secure Asset Fund for Users (SAFU) into Bitcoin. Announcing the development, Binance said the decision has been made after an assessment of BTC, its historical price trajectory, viability as a long-term asset, and its position as the foundational asset of the crypto ecosystem.
After launching into operations in 2017, Binance had created the SAFU in July 2018. Binance allocated a percentage of trading fees in order to feed the fund till it reached a sizable limit. In 2022, the SAFU hit the valuation of $1 billion, which in 2024 was converted to USDC, and is now being converted into Bitcoin.
The aim of the fund is to protect Binance users against possible losses caused in unexpected instances like hacks.
Announcing its decision the exchange said, “If the SAFU Fund’s market capitalization falls below $800 million due to Bitcoin price fluctuations, Binance will replenish the fund with Bitcoin to restore it to $1 billion.”
Since being launched in 2017, Binance said it has helped users recover over $1.09 billion misdeposited assets. Through 2025 itself the exchange claimed to have helped users recover over $48 million from38,648 misdeposited assets.
In terms of deflecting cyber threats, Binance said it prevented the loss of $131 million in 2025 by collaborative efforts with global law enforcement agencies.
By 2025 end, the exchange touted as the largest in the world, controlled $162.8 billion in user assets under its management across 45 asset categories.
In recent developments, Binance has selected Greece to apply for EU’s MiCA licence — eyeing expansion in the 27 member nations.