Cryptocurrency exchange Binance, FTXto mitigate the effects of liquidityannounced that it will support strong projects that have difficulties.
In the cryptocurrency market, a liquidity crisis erupted with the FTX collapse. Strong projects and exchanges work hard to provide liquidity. During the toughest times of the crypto bear market, Binance Strong support came from the stock market. The popular exchange will launch a fund to support strong projects affected by the processes. Commenting on the subject BinanceCEO Changpeng Zhao ( CZ), FTXHe said he wanted to minimize the impact.
Binance Launches Recovery Fund for Liquidity
FTXto the crypto money market, which is going through a difficult process with its collapse, BinanceStrong support came from the stock market.
Binance CEO Changpeng Zhao ( CZ ), announced the support fund via Twitter. “Crypto is not going anywhere, we are still here,” CZ said. Also, CZ wants to rebuild the crypto industry.
Referring to the crypto industry that has been deeply affected by the FTX collapse, CZ will launch the recovery fund to overcome the difficult processes. With this fund, liquidity support will be provided to strong projects.
The popular stock market offers projects that want to benefit from the fund. Binance Labs He asked them to apply to . In addition, CZ stated that the details will be shared soon.
