tl;dr
Binance launches the 'Together Initiative' with $300M USDC distribution and a $100M institutional support program to aid users during extreme market volatility, emphasizing user welfare amid industry challenges.
**Binance Launches "Together Initiative" to Support Users Amid Market Volatility**
In response to the recent turbulence in the global cryptocurrency market, Binance, the world’s largest crypto exchange, has unveiled a sweeping initiative aimed at supporting users and institutions grappling with the fallout of extreme volatility. The announcement comes as the industry faces widespread challenges, including plummeting asset prices, eroded user confidence, and heightened scrutiny.
### A Commitment to Users Amid Adversity
Binance acknowledged the profound impact of the market downturn, stating, “Without our users’ support, there would be no Binance.” The exchange emphasized its dedication to prioritizing user welfare, even as it navigates criticism from within and outside the industry. While Binance has previously outlined compensation plans for affected users, the new “Together Initiative” represents an expanded effort to rebuild trust and stability.
### $300 Million USDC Distribution for Eligible Users
The first pillar of the initiative involves a $300 million USDC (USD Coin) distribution to users who suffered significant losses due to forced liquidations during a specific period. Key details include:
- **Eligibility Criteria**:
- Users who experienced forced liquidations in Futures and Margin trading between **October 10, 2025, at 00:00 UTC** and **October 11, 2025, at 23:59 UTC**.
- Total liquidation losses must be at least **$50 equivalent**.
- Liquidation losses must account for **at least 30%** of the user’s net assets as of **October 9, 2025, at 23:59 UTC**.
- Users who have already received compensation are **not eligible**.
- **Distribution Timeline**:
Binance aims to begin distributing the USDC within **24 hours** and complete the process within **96 hours** via the Rewards Hub. Users will receive app and email notifications, though delays are possible due to high demand.
The USDC amount allocated to each user will depend on factors such as liquidation loss magnitude, loss ratio, and other metrics.
### $100 Million Institutional Support Program
To aid ecosystem and institutional users severely impacted by the market crash, Binance is launching a **$100 million low-interest loan fund**. This initiative is designed to:
- **Restart trading operations** for affected institutions.
- **Alleviate liquidity pressures** and ensure stable operations for partners.
Eligible VIP and institutional users can apply through their dedicated account managers, with Binance promising swift responses and strict confidentiality.
### Binance’s Stance on Liability and Industry Confidence
In its final remarks, Binance clarified that it does not accept liability for user losses but emphasized the importance of rebuilding industry confidence. “We are doing this because we believe it is critical to rebuild industry confidence,” the statement read. The exchange reiterated its long-term commitment to user-centric values, stating, “Binance chose to invest these resources where they are most needed: with our users.”
The announcement also urged users to remain vigilant, reminding them that “the crypto market is volatile and investment risks are inherent.” Binance encouraged rational investing, proper position management, and thorough due diligence.
### Looking Ahead
As the crypto industry continues to navigate uncertainty, Binance’s “Together Initiative” signals a proactive effort to foster resilience and collaboration. While challenges persist, the exchange’s actions underscore a determination to support its community and uphold the sector’s future.
In the words of Binance: “We will get through this together, as one industry.”