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© Reuters Binance raises its safe assets fund to $1 billion
Madrid, Nov 9 (.).- The world’s leading cryptocurrency exchange platform, Binance, announced this Wednesday the recovery of the balance of its safe asset fund for users (SAFU), which once again has a value of 1,000 million dollars, at levels of last January.
Precisely Binance announced on Tuesday the acquisition of its competitor FTX, which caused strong falls in the cryptocurrency market.
After then reaping significant declines, both Ether and Ether continue to fall sharply today, and in the case of the former it loses 10.24% to stand at $17,463, while in the case of the latter the fall is even higher. down to 17.86% and $1,201.
Binance announced in a press release that they promised users that they would work for SAFU to “always maintain as high a level of coverage as possible.” and for this reason they will continue “fulfilling this commitment and building the safest ecosystem in the crypto field.”
The company has explained that, in addition to protecting the interests of users, the SAFU definition encompasses three essential components to encourage a massive universalization of cryptocurrencies and that they are “trust, integrity and transparency”.
They added that “users deserve to know if they are transferring their hard-earned money to a platform that employs adequate security measures and is completely transparent with user funds.”
In this sense, they have highlighted that when users deposit their money on the Binance platform “they can be sure” that they are “fiscally responsible with those funds”.
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