$BTC $ETH Binance announced it will move its entire $1 billion user protection fund into Bitcoin over the next 30 days. The decision lands as Bitcoin trades well below recent highs, adding pressure across the market. Exchange safety sits front and center again as traders rethink where they store their coins.
Binance says it will carry out the shift gradually and publish audits along the way. If Bitcoin’s price drop pushes the fund below $800 million, Binance says it will top it back up from company reserves. That promise matters when confidence feels shaky. BINANCE.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC $ETH Binance announced it will move its entire $1 billion user protection fund into Bitcoin over the next 30 days. The decision lands as Bitcoin trades well below recent highs, adding pressure across the market. Exchange safety sits front and center again as traders rethink where they store their coins.
Binance says it will carry out the shift gradually and publish audits along the way. If Bitcoin’s price drop pushes the fund below $800 million, Binance says it will top it back up from company reserves. That promise matters when confidence feels shaky.
BINANCE.