What is the secure asset fund for users (SAFU)?

The Secure Asset Fund for Users (SAFU) is an emergency 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 in order to grow it to a sizable level to safeguard users.

What is the SAFU and how does it work?

The SAFU is an emergency fund that was established by Binance in July 2018 to protect user funds. When the fund was established, Binance began allocating 10% of all trading fees in order to grow it to a sizable level to safeguard users’ interests.

Why did Binance create a 'SAFU' fund?

But this somehow got turned into a crypto meme and crypto slang. Further digging-up also shows that Binance has also created a fund called ‘SAFU’ to protect the Binance exchange users. And here is what Binance says about it: To protect the future interests of all users, Binance will create a Secure Asset Fund for Users (SAFU).

What is SAFU mug?

Get the Safu mug. "SAFU", the “SSecure Asset Fund for Users” is an emergency insurance fund. Mainly used by Crypto exchange after the exchange getting hacked. (E.g.