Pledges $100m to Revitalize Cryptocurrency and Restore Investor Confidence

Published on:

Last Updated on December 7, 2022 by Bitfinsider

In an effort to mitigate the negative effects of a bear market and ecosystem collapses, crypto exchange launched a $100 million industry liquidity support fund.

As investors move their funds away from exchanges and into self-custody, concerns about market liquidity pose an immediate threat to struggling crypto businesses. The purpose of’s $100 million commitment is to help businesses restructure and adapt to shifting market conditions.

The liquidity support is intended to help crypto businesses maintain their business focus while being shielded from market volatility. “The $100 million will be allocated to high-quality projects, market makers, high-frequency traders, and other institutional clients and HNW individuals,” the crypto exchange stated.

Eligible cryptocurrency projects will receive up to $10 million in funding, primarily for market-making, or providing liquidity for traders. The company has not established an application deadline and intends to expand the fund based on future market conditions. Lin Han, founder and chief executive officer of, stated: “Unforeseen hurdles during the bear market shouldn’t adversely affect users and inhibit innovation. Now is the time to work together on rebuilding, protecting users, and fortifying the market.”

In addition,’s 2019 creation of the Gate SAFU fund continues to serve as a security blanket and insurance fund for user assets.

Binance, a cryptocurrency exchange, has also assumed the obligation to assist the ecosystem in surviving volatile market conditions. Recently, Changpeng Zhao, CEO of Binance, announced plans to allocate $1 billion to an industry recovery fund. The proposed recovery fund by Binance is intended to provide financial assistance to promising projects in financial distress.

While Binance has yet to officially announce the fund’s launch, CZ highlighted plans to adopt a relatively “loose” structure by permitting industry peers to make contributions.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.