Gate.io is going to invest $100 Milln in the restoration of crypto - Bits Media

Gate.io cryptocurrency exchange has launched the industrial liquidity support fund with the initial obligation to spend $100 million.

With the help of the fund, the exchange intends to mitigate the negative consequences of protracted cryptosyms and recent shocks in the cryptocurrency market. IN The companies are sure, that the market is threatened with liquidity problems, Since investors transfer their funds from excavation to self -service.

First of all, the trading platform plans to support companies, who strive to develop a new strategy and effective adaptation to changing market conditions. The main goal, which is declared by Gate.io leadership, - allow companies who agreed to support companies to focus on business and technology, not on attempts to protect yourself from uncertainty. Money will go to support high -quality projects, institutional customers, Market makers and high -frequency traders, They promise in the company.

“Market uncertainty should not adversely affect users and prevent innovations. We count, that it's time to unite and work together on the restoration and strengthening of the market, as well as user protection ", - said the founder and general director of Gate.io Lin Khan (Lin).

Earlier, the head of the cryptocurrency exchange of Binance Chanpen Zhao said, that its site is launched by the fund to restore the industry, which will help problem companies.