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Binance Increases Compensation for Customers Liquidated in Crypto Selloff
5 Articles
5 Articles
Binance Increases Compensation for Customers Liquidated in Crypto Selloff
Amid growing criticism about its role in crypto’s biggest crash, Binance said it will distribute an additional $300 million in stablecoins to exchange users who incurred forced liquidations and provide $100 million in low-interest loans to help “severely impacted” institutions resume trading.
Binance Launches Compensation Program for Users Who Suffered Losses During the Latest Major Crash
Following the recent sharp fluctuations in the cryptocurrency market, Binance announced a $400 million support plan called the “Together Initiative” to restore confidence in the sector and support its users. The program consists of two parts: a $300 million user fund and a $100 million institutional...
The exchange announced its “Joint Initiative” that will distribute a total of $400 million to affected users during the historic settlement event for more than $19 billion on Friday. *** Binance announces “Joint Initiative” that will distribute a total of $400 million to affected users. It will divide between $4 and $6,000 among those who experienced losses during massive liquidations. The crypto market faced record liquidations for almost $20 b…
Binance announces $300M payout for October 10 historic crash liquidations
Binance has announced a $300 million compensation plan to assist traders who suffered forced liquidations during the sharp market downturn on October 10. The exchange said the move is part of its broader effort to restore user confidence after what it described as one of the toughest weeks for the cryptocurrency industry in recent memory. According to Binance’s official statement on October 14, the compensation will be distributed through token…
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