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Here Is How Binance Plan To Aid Liquidating Firms After FTX
The FTX exchange’s collapse has created havoc with major cryptocurrencies like Bitcoin and Ethereum losing their key price levels. Amidst this, Binance CEO, Changpeng Zhao has come up with a remedy to reduce negative effects of FTX collapse.
As per CZ, the Binance network is creating an industry recovery fund in order to help projects that are under liquidity crisis, but has a strong base. He has also asked the firms to contact Binance Labs if they believe they will fit in. Additionally, Binance CEO has asked other industry players to contact if they wish to co-invest. However, more details are still awaited.