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After Binance, OKX Plans To Launch Crypto Market Recovery Fund

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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After Binance CEO Changpeng Zhao announced crypto recovery funds, OKX has now stated $100 million in recovery funds in order to aid projects that are facing liquidity issues. The exchange believes it is important to support the firms and this will be in collaboration with OKXChain and OKX Demo Day.

Binance’s industry recovery fund has gained support from Huobi and Tron founder, Justin Sun as he is of the opinion that this will support builders and developers to recover from their loss during the crisis. Also after Binance announced the news, the first two cryptocurrencies Bitcoin and Ethereum price shot up.

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