- Binance plans to convert the SAFU fund’s $1 billion stablecoin reserves into Bitcoin and complete the shift within 30 days.
- The exchange will rebalance SAFU back to $1 billion if the fund’s value drops below $800M due to fluctuations in BTC prices.
Binance will convert the $1 billion stablecoin portion of its Secure Asset Fund for Users (SAFU) into Bitcoin reserves, aiming to complete the conversion within 30 days of the announcement. The move is part of Binance’s approach to maintaining user protection resources during periods of market volatility. SAFU was created in 2018 to provide an emergency insurance reserve funded by trading fees and other allocations.
The plan was disclosed in an open letter that also reviewed the company’s 2025 operational activity across user support, risk controls, and cooperation with authorities. Binance assisted users in 38,648 cases of incorrect deposit recovery during 2025, representing $48 million, and said its cumulative recovered amount has exceeded $1.09 billion.
An open letter to the crypto community
During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance.
As a global industry leader, we hold ourselves to elevated standards and continually improve based on feedback from… pic.twitter.com/HvWEQYjuKZ
— Binance (@binance) January 30, 2026
Binance also supported 5.4 million users in identifying potential risks over the year, and said those interventions helped prevent about $6.69 billion in scam-related losses. In addition, the company worked with global law enforcement agencies on cases that led to the confiscation of $131 million in illicit funds.
Most recently, we also reported that the exchange launched a rewards campaign offering a total of $40 million worth of WLFI tokens to eligible users who hold USD1 on the exchange. The distribution runs from January 23 to February 20, 2026, with weekly airdrops based on hourly balance snapshots
Binance’s SAFU Conversion Schedule and Rebalancing Rules
According to the letter, the SAFU fund will be monitored for changes in market value once the conversion to Bitcoin is completed. If the fund’s market value drops below $800 million as a result of Bitcoin price movements, Binance said it will rebalance the fund to restore its value to $1 billion. The company did not specify the exact rebalancing instruments, but described the process as regular and tied to ongoing market value monitoring.
Binance did not provide a transaction-level breakdown for the planned conversion, including execution venues, order types, or timing across the 30-day window. It stated that updates will be shared as related efforts progress, and positioned the conversion as part of a long-term commitment to industry development.
The letter also mentioned asset transparency disclosures. As of the end of 2025, the exchange’s proof of reserves had approximately $162.8 billion in user assets fully secured, including 45 crypto assets.
In a separate section on ecosystem activity, the exchange said its 2025 spot listing program covered projects across 21 public blockchains, with most listings associated with Ethereum, BNB Chain, and Solana.
Meanwhile, CNF recently reported that Binance founder Changpeng Zhao said BNB Chain has around 2.4 million daily users.
As of writing, the BNB price is $845, with a market cap of $115.31 billion and a 24-hour trading volume of $4.35 billion.
