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