Gate.io Commits $100M to Industry Support Fund to Revive Industry
December 7th, 2022

Crypto exchange Gate.io, one of the world’s leading trading platforms, is positioning itself as a key driver of the crypto industry during the bear market. As companies restrategize to adapt to changing market conditions, Gate.io is spearheading initiatives aimed at supporting the safe and stable development of the industry and rebuilding confidence with users.

To support the industry’s overall health, crypto exchange Gate.io has established an Industry Liquidity Support Fund with an initial commitment of $100 million. The fund will lend a hand to industry entities, easing the burden so they can continue driving the industry forward and maintaining a healthy market.

Gate.io launched the fund to help to rebuild the industry in the wake of significant collapses so that users are better protected from adverse market conditions and so innovators can focus on constructing the future of blockchain. The $100 million will be allocated to high-quality projects, market makers, high-frequency traders, and other institutional clients and HNW individuals.

Any entity in these categories can apply for the fund, which is not limited to Gate.io partners and includes those from other platforms. In addition, participants can receive up to $10 million in funding support, which can be used for market-making on the Gate.io platform or other independent uses, so long as it fits within the fund’s scope of risk controls.

With no deadline, the support fund is currently open for applications indefinitely. Gate.io has also left open the possibility of expanding the fund in the future if warranted by market conditions.

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