Exchanges1 source
Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
Headline from CoinDesk
Key points
- On-chain data indicates that cryptocurrency exchange Binance has spent approximately half of the Bitcoin held in its Secure Asset Fund for Users, totaling around $580 million.
- Following these withdrawals, the reserve balance has dropped below the $800 million threshold that mandates a refill under Binance's internal guidelines.
- The company has not announced when it plans to replenish the fund.
Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.
Coins mentioned
Sources
- CoinDeskBinance has spent half its SAFU bitcoin, about $580 million worth, data shows · 3 hours agoRead on CoinDesk
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