Gate.io, the cryptocurrency trading platform, has launched a $100 million industry liquidity support fund to help revive the crypto industry.
The fund is open to all market makers, high-frequency trading institutions, high-quality listing projects, and other institutional clients or HNW individuals, including but not limited to Gate.io or other platforms from the industry.
Gate has established a $100 million industry liquidity support fund for all market makers, high-frequency trading institutions, high-quality listing projects, and other institutional clients or HNW individuals. https://t.co/k0fRrHcxQa
— Wu Blockchain (@WuBlockchain) December 6, 2022
Gate.io has a strong track record of success, being within the top 3 global spot trading volumes, and boasting over 12 million users worldwide. Having weathered several crypto winters, the company is now offering support to help restore confidence in the industry.
The liquidity support fund is designed to provide funding of up to $10 million equivalent token funding support for each customer, based on their individual needs. The funds can be used for market making and trading in Gate.io’s spot and futures markets, within the scope of risk control. There is no deadline for the fund and the amount can be increased at any time, depending on market conditions.
Gate.io welcomes all industry participants to join the liquidity support fund and work together to support the growth of the crypto industry.
Source: https://cryptoslate.com/gate-io-launches-100m-industry-liquidity-support-fund-to-revive-crypto-industry/