Binance will provide assistance of 4-6 thousand dollars to liquidated users.

Recently, the sharp fluctuations in the crypto market have shaken investor confidence, prompting Binance to take action to address this situation. With its "Together Initiative" support program worth 400 million dollars, the exchange will offer various assistance to both individual and institutional investors. This initiative aims to alleviate investor losses and rebuild trust.

Binance announced that it is focusing on users who experienced forced liquidations on October 10-11. In this context, a 300 million dollar user fund has been established. This fund will be distributed in the form of USDC token vouchers worth between 4,000 and 6,000 dollars based on losses. However, to benefit from this assistance, users must have incurred a loss of at least 50 dollars and that loss must account for 30% of their total assets. The distribution process is scheduled to begin within 24 hours and aims to be completed within 96 hours.

Another important component of Binance's new support program is the 100 million dollar institutional support fund. In this need-based approach, Binance will also provide 100 million dollars in low-interest loans to ecosystem partners and institutional investors. Demand applications will be evaluated confidentially through Binance VIP managers. This measure is aimed at reducing liquidity pressure in the markets and helping ecosystem members resume their activities.

Binance officials emphasized that this step is not a legal obligation but a demonstration of faith in the crypto industry. The institution stated, "We are directing these resources to our users who need them the most. Just as the crypto sector has experienced difficult times in the past, we will get through this process together," highlighting the importance of the support program.

This period may contain important signals regarding the future of the market for investors. In particular, Binance's support initiatives should be seen as a critical step for rebuilding market confidence. During this process, it is essential for investors to proceed with caution and closely monitor market conditions.