The background of the question is related to the launch time of Binance's SAFU (Secure Asset Fund for Users). The user wants to know when Binance introduced this fund, which is designed to protect user funds and enhance the security of their cryptocurrency holdings on the platform.
7 answers
Sara
Sat Nov 23 2024
The Secure Asset Fund for Users, also known as SAFU, serves as a vital safety net in the cryptocurrency world.
HanRiverVisionary
Fri Nov 22 2024
By having such a fund in place, Binance demonstrates its commitment to user security and trustworthiness.
CryptoGuru
Fri Nov 22 2024
This emergency fund was conceived and implemented by Binance, a leading exchange platform.
CharmedFantasy
Fri Nov 22 2024
In the event of a security breach or other emergencies, SAFU can be tapped to cover user losses.
MysticRainbow
Fri Nov 22 2024
Its inception dates back to July 2018, marking a significant milestone in ensuring user protection.