Binance will provide $4,000 to $6,000 in assistance to users who have been liquidated.

Recently, the sharp fluctuations in the crypto market have shaken investors' confidence, while Binance has taken action to compensate for this situation. With the "Together Initiative," a support program worth 400 million dollars, the exchange will provide various aids aimed at individual and institutional investors. This initiative aims to alleviate investors' 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 coupons worth 4,000 to 6,000 dollars based on losses. However, to benefit from this assistance, users must have experienced at least 50 dollars in losses, and these losses must have reached 30% of their total assets. It was announced that the distribution process will start within 24 hours and is aimed to be completed within 96 hours.

Another important aspect of Binance's new support program is the 100 million dollar institutional support fund. In this need, Binance will also provide 100 million dollars in low-interest loans to ecosystem partners and institutional investors. Demand applications will be evaluated based on confidentiality principles through Binance VIP managers. This application aims to reduce liquidity pressure in the markets and to help 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 the users who need them the most. Just like in the difficult times in the history of the crypto sector, we will navigate through this process together," highlighting the importance of the support program.

For investors, this period may contain significant signals about the future of the market. In particular, the support moves from Binance should be considered a critical step for rebuilding market confidence. During this process, it is crucial for investors to proceed with caution and closely monitor market conditions.