Finance Articles - Binance Blog

How Our Community Made 2024 Unforgettable: Five Achievements That Wouldn't Be Possible Without You

<h2 data-block-id="dd9f27cb-98c9-47e0-bb0c-bd33891ca0a5">Main Takeaways</h2><ul data-block-id="7ca6daa7-e7c8-448e-bb57-de8108efd799"><li data-block-id="8b0ce305-9e39-4fc8-997c-2b215f6e768d">2024 was a groundbreaking year, and it’s all thanks to you — our incredible Binance community.</li><li data-block-id="88b7cddf-3d51-41a0-92e8-af1129db2e0b">Together, we’ve achieved record-breaking growth, community milestones, and innovations that are shaping the future of crypto.</li><li data-block-id="e6643aa9-4e34-4d9d-b061-8f60064b0cf0">Let’s look back at five unforgettable milestones we reached together this year!</li></ul><img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20241223/bc3de59c-c0d7-4bdd-9e47-9dca08d536be" naturalwidth="1600" naturalheight="900" adaptive="true">2024 has been nothing short of unforgettable, and it’s all thanks to you — our incredible Binance community. Together, we’ve smashed records, drove innovation, and shaped the future of crypto in ways we couldn’t have imagined. From groundbreaking achievements to moments that united us globally, this year has been a testament to what we can accomplish as one Binancian family. Here’s a look at five milestones we hit together that made 2024 a year to remember.<h3 data-block-id="1707fde8-3cf3-494e-9ffd-d7dbd309ba08">1. 240 Million Users Strong</h3>In 2024, 70 million more new users joined Binance, bringing our global community to over 240 million — a testament to the trust and confidence our users place in us. This remarkable growth is supported by our commitment to security, transparency, and user protection, which are at the heart of everything we do. For instance, by attaining <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/all/strengthening-security-and-transparency-binance-secures-soc-2-type-2-and-soc-1-type-1-certifications-1685407653774568727" customevents="[object Object]">System and Organization Controls (SOC) 2 Type 2 and SOC 1 Type 1 certifications</a>, Binance has reaffirmed our commitment to security, resilience, transparency, and reliability. Our security team has also been instrumental in recovering over $88 million in user funds misplaced, lost, or stolen by external parties as of December 1, 2024.In addition, Binance's comprehensive risk management and real-time monitoring systems have prevented over $4.2 billion in potential losses from scams and fraud in 2024, safeguarding more than 2.8 million users globally. With user interests at our core, these achievements are just the beginning as Binance continues to set the standard for trust, safety, and growth in the crypto space.<h3 data-block-id="e9afb979-929a-454b-ad21-367dfcd6f0bf">2. From Tweets to Meets</h3>Throughout 2024, the Binance community saw remarkable growth, fueled by a collective spirit of curiosity, collaboration, and innovation. Our social media family welcomed more than <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/community/2024withbinance-your-crypto-year-wrapped--milestones-innovation-and-community-2802533883344024860" customevents="[object Object]">5 million new followers</a>, growing to 25 million across all platforms, including 1 million on YouTube. Together, we’ve explored the latest trends, celebrated milestones, and shaped the conversation around crypto’s future.The spirit of connection extended beyond screens. This year saw 248 in-person meetups across 59 countries, bringing together nearly 46,000 attendees to share knowledge and experiences face-to-face. At the same time, 258 online events drew 3.3 million viewers worldwide, creating spaces for learning and collaboration across borders.One of the year’s highlights was <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/community/binance-blockchain-week-2024-report-dubai-celebrates-a-communitydriven-crypto-festival-8879160998665663798" customevents="[object Object]">Binance Blockchain Week (BBW) Dubai 2024</a>, which welcomed 4,600 attendees from 126 countries. With 204 speakers, 307 key opinion leaders, and the largest-ever gathering of 86 Binance Angels, the event became a global crossroads of ideas, perspectives, and breakthroughs in blockchain innovation. More than half of the participants traveled from abroad, underscoring how blockchain continues to inspire connections across the globe.These achievements reflect the collective efforts of a community united by a shared vision of learning, growth, and progress. The continued trust and participation of users like you make everything we do possible. Together, we’re making crypto more than just technology — we’re making it a global movement.<h3 data-block-id="aebe155b-ef48-4ae2-86df-17ac6e464c61">3. Notes, Quotes, and Insights</h3>With millions of learners on board, <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://academy.binance.com/en" customevents="[object Object]">Binance Academy</a> established itself as the ultimate platform for mastering blockchain, DeFi, and other crypto concepts. With meticulously curated content from our internal experts, it’s like having lecture notes for the evolving world of crypto — designed to guide users at every step.Complementing this structured learning experience is <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/square" customevents="[object Object]">Binance Square</a>, the fastest-growing blockchain-centered social platform. Think of it as the seminar to Binance Academy’s lecture notes. With over 35 million monthly active users and 1.2 million creators, Binance Square fosters a vibrant, collaborative environment where users can share insights, stories, and ideas. The <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/square/WritetoEarn" customevents="[object Object]">Write to Earn program</a> exemplifies this spirit, empowering 100,000+ creators to monetize their contributions and rewarding top participants with earnings of $500+ weekly.Together, Binance Academy and Binance Square offer a seamless blend of knowledge and community. Whether you’re diving into crypto basics or engaging in lively discussions, the experience is richer because of our united, global community. After all, crypto isn’t just about learning — it’s about sharing, connecting, and growing together.<h3 data-block-id="9191db83-80be-4227-bf74-feff44cb4c2c">4. Licensed to Lead</h3>Binance expanded its global compliance reach in 2024, securing a total of 20 regulatory licenses and registrations worldwide. This milestone reflects our dedication to creating a safer and more transparent crypto environment for our users. By obtaining these approvals, we can more confidently serve our ever-growing community, opening doors to more opportunities in the world of crypto.<h3 data-block-id="7c367f15-334d-44cb-922d-52b187472477">5. From Seamless to Borderless: Binance Pay</h3>With over 40 million active users in 2024, Binance Pay has seen an impressive 225% growth from the previous year. Together, users completed millions of transactions, underscoring the platform’s effectiveness in providing fast, seamless, and borderless payments. This remarkable growth demonstrates how Binance Pay, fueled by our community’s support, is advancing crypto adoption and driving the broader trend of Web3 integration in global payments.<h2 data-block-id="99071155-9927-401c-9d75-a5b482ee2cd1">Further Reading</h2><ul data-block-id="248d244f-3e14-4676-b164-a88ea93d880a"><li data-block-id="63f5eff6-fd98-452a-9d14-296284b46b92"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/all/binance-global-user-survey-45-joined-crypto-in-2024-6434747834824784265" customevents="[object Object]">Binance Global User Survey: 45% Joined Crypto in 2024</a></li><li data-block-id="c2563d3c-3779-4691-875c-ed2987a1493b"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/ecosystem/binance-wallet-a-seamless-journey-into-web3-886581100497064250" customevents="[object Object]">Binance Wallet: A Seamless Journey into Web3</a></li><li data-block-id="88850b2b-f98a-4d3b-bffc-6148267ddb46"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/security/14-tips-to-secure-your-binance-account-in-2024-how-to-protect-your-crypto-335022638333390848" customevents="[object Object]">14 Tips to Secure Your Binance Account in 2024: How to Protect Your Crypto</a></li></ul>Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/terms" customevents="[object Object]">Terms of Use</a>, and <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/risk-warning" customevents="[object Object]">Risk Warning</a>.

2024-12-23

Join the Binance Affiliate Program

Recommend Binance to your audiences and earn up to 50% of referral commission on every qualified trade. <figure data-block-id="e06acc6f-c6f0-4949-bd19-6ffa1ee3267c" data-type="imageFigure"><img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20240906/85e2fe3b-da74-4d4e-b81f-e84fd1c91b44" naturalwidth="1600" naturalheight="899" adaptive="true"><figcaption></figcaption></figure>Do you believe cryptocurrencies and blockchain technology can change the world for the better? Join the Binance Affiliate Program and earn special rewards when you introduce new users to Binance, the world’s leading cryptocurrency exchange.<h2 data-block-id="c723452a-f0cd-420e-bfc1-dabe8f80c01a">How to Join the Binance Affiliate Program?</h2>To apply and start earning commission, visit the <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/events/affiliate?utm_source=blog" customevents="[object Object]">Binance Affiliate website</a> for more information.<h2 data-block-id="0ef89153-7c20-4f2f-814e-da4ddc586d73">What Is the Binance Affiliate Program?</h2>The Binance Affiliate Program lets you share your unique referral link with audiences to earn up to 50% commission on every qualified trade.Users who sign up for a Binance account using your unique referral link will automatically be attributed as a successful referral. You’ll receive commissions on every trade your referrals make – across Binance Spot, Futures, Margin trading, and even Binance Pool. Start earning commission with no maximum cap or time limits – all through the same referral link.Choose to be a Spot Affiliate, Futures Affiliate, or both! If you would like to be considered for both a Spot and Futures Affiliate, just select “Both” when the question is asked during your application process.<h2 data-block-id="1d2d5419-9950-4a10-b270-c006187510f4">How do I Start Earning Commission?</h2><h3 data-block-id="c0bdaa86-4350-4bd4-a7be-aa47c7206e7a">Step 1: Become a Binance Affiliate</h3>Submit your application by filling out the form on the <a target="_blank" rel="noopener noreferrer nofollow" appurl="0" href="https://www.%suffixOrigin%/%locale%/events/affiliate?utm_source=blog" customevents="[object Object]">Binance Affiliate website</a>. Once our team evaluates your application and ensures you meet the criteria, your application will be approved.<h3 data-block-id="86a0e4c4-ae3d-45fe-afe2-86bd40ad1f36">Step 2: Create and share your referral links</h3>Create and manage your referral links right from your Binance account. You can track the performance of each referral link you share, generate custom referral links for each of your channels, or for different discounts you would like to share with your community.<h3 data-block-id="345a3bf0-4a2d-4909-b50e-58f6b8836baa">Step 3: Sit back, relax and earn commissions</h3>When someone signs up for a Binance account with your referral link, you can earn up to 50% commission every time they complete a trade.<h2 data-block-id="536f5136-15c8-4b9b-bb4f-511fe2d30f2e">How Do I Qualify to Become a Binance Affiliate?</h2>Individuals<ul data-block-id="09b51d28-4dc6-4ee4-a128-4d653d57104d"><li data-block-id="cb6f5e97-b9dc-44df-bb0f-5a54d15bae77">Social media account with 5,000+ followers or subscribers on one or more social media platforms (Youtube, Twitter, Facebook, Instagram, etc.).</li></ul>Crypto Communities<ul data-block-id="72a9f276-3968-46d1-bbff-806c8e3811c9"><li data-block-id="6ffefb8e-6bde-496a-8f8d-5fbb917440e0">Financial leaders or opinion leaders with a community of 500+ members on one or more community groups (Telegram, Facebook, WeChat, Reddit, QQ, VK, etc.).</li></ul>Businesses and Organizations<ul data-block-id="abeab9e7-2c4c-42fc-ad39-59867318c55c"><li data-block-id="7cab6eb4-08db-4207-ba8c-ea8cf2866ba7">User base of 2,000+</li><li data-block-id="e9ae110b-af0f-42da-829f-524ab967ec38">Market analysis platform with 5,000+ daily visits </li><li data-block-id="12ed99b6-af25-48b8-b67b-2894f337e35d">Industry media platform</li><li data-block-id="d5834fe1-a1b7-4020-856d-94b8e3d3a271">Crypto fund</li><li data-block-id="bcf4ca1c-1481-4bfa-ba43-974e697e3c30">Aggregate trading platform</li></ul><h2 data-block-id="4407e674-1bfe-4a7e-ad4f-47c4a22769f2">What Are the Benefits of Joining the Binance Affiliate Program?</h2>Binance Spot Affiliate<table data-block-id="1ef71193-dd7d-414e-b599-deff84ed3358"><tbody><tr data-block-id="d36159dd-0710-4df6-9f10-afef0241bc48"><td data-block-id="2d62329f-b633-4cc7-93ef-f88bb5ddea57" colspan="1" rowspan="1">Category </td><td data-block-id="92cce04b-7d3c-4b35-bd61-1a25d9683462" colspan="1" rowspan="1">Total Referred Traders*</td><td data-block-id="cf0236da-8e61-4b60-993a-a63f3c4103b4" colspan="1" rowspan="1">Commission</td><td data-block-id="41a9f0a4-0ccf-425d-b9bf-d45dc627df59" colspan="1" rowspan="1">Note</td></tr><tr data-block-id="dc2b19f7-9b30-4f25-96e1-ce446f6ea677"><td data-block-id="c53b7073-0612-4d29-8021-614b56c8cb1f" colspan="1" rowspan="2"> Spot Affiliates </td><td data-block-id="789da981-5c6d-4d04-a62c-d47aff31c81b" colspan="1" rowspan="1">< 500</td><td data-block-id="fa645439-8cf6-45c8-b6bb-a2877be3e21d" colspan="1" rowspan="1">41%</td><td data-block-id="e9391754-3322-48c2-8204-afa9a4ebb2fa" colspan="1" rowspan="1">BNB holding requirement waived</td></tr><tr data-block-id="6d8a2ee0-cf1e-4a65-bf11-942a32332b29"><td data-block-id="5a8eff74-a71a-42db-8b05-1392f62ea70d" colspan="1" rowspan="1">≥ 500</td><td data-block-id="0920e73a-effa-48d2-afd5-23824aed28c4" colspan="1" rowspan="1">50%</td><td data-block-id="e0fafb98-c65f-4aab-b73f-4fcb9a2d16be" colspan="1" rowspan="1">BNB holding requirement waived</td></tr></tbody></table>*“Total referred traders” refers to the number of users registered with your referral link and completed a Spot, Futures, Margin, or mining transaction. All of our approved spot affiliate partners receive a 41% commission rate (increased from 20% default for regular partners) on Spot trading. On top of that, those who invite more than 500 traders receive an increased commission of 50%.Binance Futures AffiliatesYou will receive a 40% base referral bonus when you join the program. This means you get 30% of the trading fees from the users you invite, while they can receive a 10% discount on trading fees. Please note that this 10% discount will only be valid for 30 days from the date of Futures account activation. *The referral commission for the Futures market is limited to one year starting when the new user opens their Futures account. Please note that you can only receive Futures referral commissions from Regular - VIP 1 users you referred.Additional Benefits <ul data-block-id="6af6dfa3-797f-4dde-8ea4-79152a9c8d43"><li data-block-id="c82a0118-191c-4b19-ad39-e59cb13bbbd8">Get an additional Futures bonus of up to $72,000 every month. Visit <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/blog/futures/binance-futures-affiliate-bonus-program-421499824684900492" customevents="[object Object]">Binance Futures Affiliate Bonus Program</a> for more details. </li><li data-block-id="94700c62-42b7-4f76-b95f-166fb49dba11">Qualify for a dedicated account manager.</li><li data-block-id="1d31087c-8479-436b-8459-e2e5f249f9d5">Get free Binance merchandise, Futures vouchers, and more to further incentivize your audience.</li><li data-block-id="26e0962c-7a94-4562-85e7-dc2064636c66">Get priority access and testing for new features.</li></ul>Minimum Requirements for Quarterly EvaluationYour referral commission rate will be reviewed and adjusted every quarter (90 days). Existing Binance Affiliates that meet the requirements below can continue to receive referral commission benefits, which will be valid for the next 90 days from the day of evaluation.<a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/events/affiliate?utm_source=blog" customevents="[object Object]">Binance Affiliate Program Membership Requirements</a><ul data-block-id="d724e15e-0f0b-4d8b-adee-964689bf95b5"><li data-block-id="983165da-bf2e-4752-a9e2-396fd3e068c2">Spot (41%) and Futures (30%): You onboarded 10 new traders, and they generated 50+ BTC in trading volume. </li><li data-block-id="6b160a6d-fd39-4cd9-8050-77f6cf8fe287">Spot (50%) and Futures (30%): You onboarded 100 new traders, and they generated 500+ BTC in trading volume. </li></ul>For example, User A currently enjoys a 50% Spot referral commission rate. In the last quarter, User A only onboarded 50 new traders, and they generated 100 BTC in trading volume. His Spot referral commission rate will be lowered from 50% to 41% for the next 90 days.If User A onboarded 100 new traders, and the new traders generated 500 BTC in trading volume. User A’s Spot referral commission rate will be increased to 50% for the next 90 days.Notes:<ul data-block-id="7a9fbcb2-0cd5-4e85-94b7-a8cd6a1badba"><li data-block-id="e61bfd9c-4e40-4655-b6cf-bfdc16a34735">For first-time applicants: To be eligible for the 50% Spot referral commission rate, you must have onboarded at least 500 traded referrals to Binance. Please contact your account manager or Customer Support to apply.</li><li data-block-id="186121fa-b594-4861-a105-56932c212471">“Traded referrals” refer to new users that registered for a Binance account with your <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/support/faq/6233094e540b4ea4ac50387d1518911b" customevents="[object Object]">referral link</a> and completed a Spot, Futures, Margin, or mining transaction.</li><li data-block-id="2690d014-df62-41c5-9aa7-ed59ed8650e0">For more details on the Binance Affiliate Program, please check out this <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/support/faq/cbf9ab9a11fa44a293d44607803c6c2d" customevents="[object Object]">FAQ</a>. </li></ul>* Please note that Binance Affiliates are subject to the same basic set of Binance referral terms and conditions. Additional Resources <ul data-block-id="52cafe18-b32c-49eb-a913-598e0ef8a818"><li data-block-id="0c6ce744-9536-49c3-a6a9-db94eb33a048"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/referral" customevents="[object Object]">Binance Referral Dashboard</a></li><li data-block-id="bcf5a5c9-0c21-418d-a37b-b1ae8cbc853d"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/support/faq/introduction-to-the-binance-referral-program-d10f95a5ac8847bdb6f422a26921745d" customevents="[object Object]">Binance Referral Program Guide</a></li><li data-block-id="dcacfa51-092d-4a36-8ede-734acddf47ec"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/support/faq/6233094e540b4ea4ac50387d1518911b" customevents="[object Object]">Referral Program FAQ</a></li></ul>Rules:<ul data-block-id="4dd9d186-e7dc-4d07-931a-7425a83fb66c"><li data-block-id="ff02c3f6-e54a-43f9-a97c-aec026b1758f">Binance does not allow any affiliate member to solicit an existing Binance user to create a new account with the sole purpose of becoming their referee. If Binance determines that an affiliate has manipulated the referral process, then the affiliate’s membership will be downgraded, and the commission rate will be reduced to 20% for Spot and 10% for Futures.</li><li data-block-id="11800940-1b84-4a12-a493-1b3268694535">Binance does not allow any affiliate member to offer any additional referral kickback (share referral commission with invitee) privately. If Binance determines that an affiliate has offered any referral kickback privately, then the affiliate’s membership will be downgraded and the commission rate will be reduced to 20% for Spot and 10% for Futures.</li><li data-block-id="f252c0cb-6a79-4e00-9cd7-5c4e98175850">Binance will void the qualification for any referral commission of the member’s account if any referral violation listed <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/support/faq/binance-affiliate-program-standard-terms-and-conditions-b5b4a734aaaf42d0b7a32d5b30930408" customevents="[object Object]">here</a> is found (all commission rates will be reduced to 0%).</li><li data-block-id="7bea9b1b-37b1-4e00-a485-f4f9d5869bd6">If Binance determines that an affiliate conducts any damaging and/or defamatory behavior to Binance, their membership and qualification will be terminated, with their commission rate reduced to 0%. Binance reserves the right to retrieve all referral commissions that have been distributed to affiliates’ accounts. Including but not limited to the following scenarios: 1. Affiliate posts false Binance-related information or negative comments about Binance on social media; 2. Affiliate directs users to claim compensation from Binance; 3. Affiliate endorses themselves by using misleading words, especially Binance related, including but not limited to terms such as "partnership", "cooperation", "association", etc.</li><li data-block-id="c48208a5-7506-4773-be62-9325d7e03325">Binance reserves the right to disqualify users from participating in the Affiliate Program and revoke any commissions from users who engage in dishonest or abusive activity to earn commissions. This includes bulk-account registrations to obtain additional bonuses, using phishing websites containing referral links, posting referral links as advertisements on search engines, and any other activity that can be deemed unlawful, fraudulent, or harmful.</li><li data-block-id="c50d4db8-e132-458b-ad0e-bcc23a176539">Binance reserves the right to cancel or amend the Affiliate Program or program rules at any time at its sole discretion.</li><li data-block-id="a98ae487-e39d-46bf-ab5b-fc41ea60b3de">All users must strictly abide by the <a target="_blank" rel="noopener noreferrer nofollow" appurl="0" href="https://www.binance.com/en/terms" customevents="[object Object]">Binance terms of use</a>. Any breach of the terms of use will disqualify the user from earning affiliate commissions.</li><li data-block-id="e00aa851-23b1-419f-bb6d-ca0c54ef9c1f">Binance has the sole discretion to decide and determine whether an affiliate will be entitled to earn any commissions and reserves the right to amend these terms and conditions from time to time. If you have any questions, please contact <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/chat" customevents="[object Object]">customer service</a>.</li><li data-block-id="f14d0d4c-a47e-4905-8361-3eb2ea89c2eb">If the system detects that a user has deleted their existing account to create a new one so they can benefit from the referral program, Binance reserves the right to terminate all referral commissions earned by this user.</li></ul>

2020-04-10

Topping up SAFU to $1B

<img src="https://public.bnbstatic.com/image/cms/blog/20221109/d4397d75-5252-46f0-b0bf-31e6123629f4">Funds are SAFU. The <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://academy.binance.com/en/glossary/secure-asset-fund-for-users" customevents="[object Object]">Secure Asset Fund for Users (SAFU)</a> is an emergency insurance fund that was established in 2018 to protect Binance users in extreme situations. Over the years, we’ve continued to monitor SAFU’s size, maintaining the balance at a level adequate to safeguard our users.In January 2022, we announced that SAFU was worth $1B. Due to the recent market conditions, that value is now worth $735m. As of November 2022, we’ve topped the SAFU balance back to $1B.We made a promise to our user base, along with the larger crypto ecosystem, that SAFU would always maintain a sizable level. We’ll continue to uphold that promise and continue to build.Besides protecting user interests’, SAFU’s definition encompasses three essential components towards mass adoption: trust, integrity, and transparency. Retail traders and investors place a significant amount of trust in centralized crypto exchanges.This is why we called upon other centralized exchanges to follow our steps and publicly post their insurance wallet addresses. Users deserve to know if they are transferring their hard-earned money into a platform that employs adequate safety measures and is completely transparent with user funds.When users deposit their money on the Binance platform to use our products, they can rest assured we are fiscally responsible with those funds. Binance is not and has never acted as an investment firm or a hedge fund. We have heard from the community loud and clear that the industry needs to go beyond what is required. It’s our responsibility, as a collective, to ensure users feel comfortable in the crypto ecosystem.  Robust cybersecurity measures are only one part of the equation; the other part is a safety net that can mitigate as much damage as possible in the event of an emergency. Moving forward, SAFU will continue to be a core part of our responsibility to the ecosystem, and we will continue to evolve to meet market conditions head on. List of SAFU Wallet Addresses:<ul data-block-id="f02d869d-e2f3-4362-8455-848f7c5da75c"><li data-block-id="a712674c-ec93-4f19-aff7-e32bc78f0b2a">BTC: <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://blockchair.com/bitcoin/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD" customevents="[object Object]">1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD</a></li><li data-block-id="fd1cfb89-f959-46c6-bc28-3b66fa5f2357">BNB and USDT (BEP20): <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://bscscan.com/address/0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa" customevents="[object Object]">0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa</a></li><li data-block-id="d98ee8c8-48c2-43ec-af42-ebdb92883baf">TUSD (ERC20): <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://etherscan.io/address/0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa" customevents="[object Object]">0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa</a></li></ul>Article last amended: March 17, 2023

2022-11-09