With investors moving away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.
Gate.io With investors moving away from exchanges into self-custody, market liquidy concerns are an immediate threat to struggling crypto businesses. Gate.io The liquidity support aims to help Crypto businesses focus on their business while being protected from market uncertainty.
The announcement read:.
“The $100 million will go to high-quality projects, market makers, high-frequency traders, and other institutional clients.”
Up to $10 million can be given to eligible projects for market-making.
The company doesn’t have a deadline and hopes to expand the fund based on future market trends.
Lin Han is the founder and CEO of Gate.io.
Users shouldn’t be adversely affected by unforeseen hurdles during the bear market.
It’s time to work on rebuilding, protecting users, and fortifying the market.
The responsibility to help survive uncertain market conditions has been taken up by the exchange.
Binance CEO Changpeng Zhao revealed plans to allocate $1 billion to a industry recovery fund recently.
Binance’s proposed recovery fund is designed to provide financial assistance to promising projects in financial hardship.
Binance has yet to officially announce the fund’s launch, but CZ highlighted plans to adopt a relatively “loose” structure by allowing different industry peers to contribute to the fund.