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Binance Launches $400 Million ‘Together Initiative’ to Steady Crypto Markets

Binance frames the outlay as a confidence-building investment rather than an admission of liability.

Overview

  • $300 million in token vouchers will compensate retail traders who were forcibly liquidated during the Oct. 10–11 sell-off.
  • Eligible users are those whose liquidation losses exceeded $50 and at least 30% of their total account value as of Oct. 9, with payouts ranging from $4 to $6,000.
  • A dedicated $100 million pool will offer low-interest loans to institutional and VIP clients through confidential requests managed by account managers.
  • The institutional facility emphasizes discretion and rapid access designed to relieve liquidity pressure on professional trading firms and market makers.
  • The program follows an Oct. 11 action that reimbursed users for losses tied to a brief depeg in USDE, BNSOL, and WBETH within a 40-minute window.