Home Cryptocurrency Binance wraps up $1B SAFU Bitcoin transition in 30 days

Binance wraps up $1B SAFU Bitcoin transition in 30 days

Binance has completed the final stage of its $1 billion SAFU Fund conversion, fully transitioning the exchange’s emergency insurance reserve from stablecoins into Bitcoin. In a post on X, Binance said it purchased the last tranche of 4,545 Bitcoin (BTC),…

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Trump-linked World Liberty Financial to launch forex remittance platform

World Liberty Financial, a cryptocurrency venture backed by the family of U.S....

SoftBank misses profit target as OpenAI bet, exits reshape portfolio

SoftBank misses profit estimates but boosts profit, doubles investment gains and leans...

Sam Bankman-Fried bets on Trump crypto pardon in latest prison rant

Sam Bankman-Fried follows a 2023 media playbook from prison, shifting right and...

Bitcoin Trapped In Bear Market Woes As Liquidity Runs Dry, Is Another Crash Coming?

Bitcoin’s price structure is showing signs of strain, and new data from...