Crypto Exchange Insurance and Solvency: What Binance,…
By Damilola Esebame
AI summary of the source article
Binance maintains its Secure Asset Fund for Users at roughly $1.27 billion, while Coinbase provides FDIC pass-through insurance strictly on USD deposits up to $250,000. Separately, Kraken Financial gained direct Federal Reserve payment access in March 2026.
Why it matters
"Understanding these differences helps investors decide where to safely store digital assets."
Key facts
- Binance holds roughly $1.27 billion in its SAFU fund after converting $1 billion in stablecoins into Bitcoin in February 2026.
- Coinbase provides FDIC pass-through insurance on USD deposits up to $250,000, but cryptocurrency holdings receive no federal insurance protection.
- Kraken Financial became the first digital asset bank in U.S. history to receive direct Federal Reserve payment access in March 2026.
Source excerpt · FinanceFeeds
KEY TAKEAWAYS Binance maintains its Secure Asset Fund for Users (SAFU) at approximately $1.27 billion, following its conversion of $1 billion in stablecoins into Bitcoin in February 2026. Coinbase provides FDIC pass-through insurance on USD deposits up to 250,000 dollars per depositor, while cryptocurrency holdings receive no federal deposit or securities agency protection at all currently. Kraken…