Binance, a cryptocurrency exchange platform, today launched its $400 million Together Initiative to support users facing challenges from crypto market volatility.

The support program aims to aid users during periods of market turmoil through financial assistance and industry confidence-building measures.

Binance recently implemented enhanced risk controls and compensated users affected by depegging of USDE, BNSOL, and WBETH. The exchange also introduced real-time smart signal tools for tracking market moves, helping users make informed decisions in volatile conditions.

The platform has been collaborating on trading competitions within its ecosystem to encourage user engagement and reward participation during turbulent market phases.