Binance announces the launch of the "Together Initiative" to invest $400 million to support industry recovery

PANews reported on October 14 that according to Binance’s announcement, affected by the recent sharp fluctuations in the global cryptocurrency market, Binance officially launched the “Together Initiative” plan, aiming to help users and the industry jointly cope with the unstable situation and rebuild confidence.

The program consists of two parts:

  1. $300 million in user token voucher compensation – For users who experienced forced liquidation in futures and leveraged trading between October 10 and 11, 2025, and whose losses exceeded $50 and accounted for more than 30% of their account assets, each user will receive token vouchers worth between $4 and $6,000. Distribution is expected to begin within 24 hours and be completed within 96 hours.

  2. US$100 million institutional support fund - Provides low-interest loans to ecosystem partners and institutional users severely impacted by the market to alleviate liquidity pressure and maintain operational stability.

Binance emphasized that although this move does not mean assuming responsibility for user losses, it reflects its long-term commitment to "user-centricity" and aims to restore market confidence and promote the healthy development of the industry.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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