Binance announced it will convert its entire $1 billion SAFU user protection fund from stablecoins to Bitcoin over the next 30 days. The exchange also committed to replenishing the fund with more BTC if its value falls below $800 million due to price volatility.

JUST IN: Binance to convert its entire $1B SAFU user protection fund from stablecoins to Bitcoin within the next 30 days. If BTC price volatility causes the fund to fall below $800M, Binance will top up with additional Bitcoin to restore it to $1B.