Binance Completes $1 Billion Bitcoin Conversion for SAFU User Protection Fund

Cryptocurrency exchange Binance has purchased an additional 4,545 bitcoin worth about $305 million for its emergency insurance reserve, bringing the fund’s total bitcoin holdings to roughly 15,000 BTC, valued at just over $1 billion. The latest purchase completes the company’s previously announced plan to convert $1 billion of stablecoin reserves into bitcoin over a 30-day […] Read The Full Article Binance Completes $1 Billion Bitcoin Conversion for SAFU User Protection Fund On Coin Edition.