Binance CEO Makes Key Statement to Comment on Binance’s Open Letter to Community

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Teng's comment on Binance's open letter Binance to convert its $1 billion SAFU fund into Bitcoin Advertisement Richard Teng, the chief executive of Binance, has taken to his X account to make an important statement for the global army of Binance users. His tweet came as a comment to support the open letter to the community published by Binance earlier today. Teng's comment on Binance's open letter In the open letter, the Binance team touched on the important subject – the volatility of the crypto market and pressure felt by both users and assets during these periods. Binance also feels these blows and it strives to hold itself to high standards and continually improve the level of their services using the feedback received from the crypto community. HOT Stories Ex-Ripple CTO: ‘Rational People’ Don’t See $100 XRP Yet Crypto Market Review: Shiba Inu (SHIB): Are There Any Chances? Is XRP Eyeing $1.50? Bitcoin (BTC) Under Bearish Control U.Today Crypto Digest: Ripple Exec Confirms XRP as Priority, Shiba Inu (SHIB) Price Eyes 10% Spike, Fidelity Launches RLUSD Competitor on Ethereum Legendary Crypto Trader Shares Two Charts That Should Terrify Bulls They reminded the community that last year, Binance kept working on “stronger risk controls, compliance, and ecosystem development” for the sake of “long-term health” of the cryptocurrency industry. Advertisement In particular, last year, the Binance teams worked on such crucial issues as user deposit recovery, risk controls ans user protection (helping 5.4 million users in total and preventing $6.69 billion in potential losses through scams). Binance helped combat various illegal activities on its platform, improved the transparency of its crypto reserves, and worked on token listing distribution and ecosystem diversity. Binance is here for the long term. We’re committed to building the industry together. https://t.co/8EqMFWRC8l — Richard Teng (@_RichardTeng) January 30, 2026 The Binance team stated that they remain committed to “sustainable, verifiable actions that protect users, advance the industry, and support long-term, responsible growth.” Advertisement Richard Teng, the CEO, confirmed that Binance will stay loyal both to users and the crypto space: “Binance is here for the long term. We’re committed to building the industry together.” You Might Also Like Fri, 01/30/2026 - 07:50 CZ Reveals Why Vitalik Not Active on X By Alex Dovbnya Binance to convert its $1 billion SAFU fund into Bitcoin Apart from that, Binance announced a major move, which is being copied by other crypto platforms as well – they intend to convert their SAFU fund (consisting of $1 billion in stablecoins) into the flagship cryptocurrency, Bitcoin. This will be done over the next thirty days, according to the open letter. To ensure the SAFU fund does not shrink due to market volatility, if, say, BTC price falls, decreasing the fund’s value to $800 million, Binance will replenish it back to $1 billion again. Following this announcement, Justin Sun also tweeted that Tron intends to add Bitcoin to its crypto reserves. In response to Binance's call, Tron will also increase its BTC holdings in the future. — H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) January 30, 2026 He tweeted: “In response to Binance's call, Tron will also increase its BTC holdings in the future.” #Richard Teng #Binance #Bitcoin