Binance Sets Aside Another $1B For Crypto Recovery Fund

Binance has decided to create a fund for cryptocurrencies given the current market situation. And has allocated another $1 billion to the fund, thus bringing the total amount of Binance’s contribution to $2 billion. Zhao contributed the latest amount on Friday. 

Along with Binance, Jump Crypto and Aptos Labs have also joined the initiative. All of them together will donate $50 million to the fund. This fund will be used to purchase distressed crypto assets and further the cause of growth.