After Binance, OKX Plans To Launch Crypto Market Recovery Fund

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.