In response to the $20 billion market crash triggered by President Trump's tariff announcement, Binance has initiated a $400 million support program for affected users and institutional investors.
Binance has unveiled the $400 million 'Together Initiative' to assist users and institutional investors impacted by a significant market crash following President Trump's announcement of 100% tariffs on Chinese imports. This move comes after a liquidation event that wiped out $20 billion in positions and affected 1.7 million traders, marking the largest liquidation in cryptocurrency history.