HTX Follows Binance To Drive Market Recovery Efforts After Black Friday Crash
HTX launched the "Sail Together" initiative, distributing $100 million in USDT to traders affected by the October 11 market downturn.Summary
HTX has initiated the "Sail Together" program, allocating $100 million in USDT to compensate traders who suffered verified losses during the sharp market downturn on October 11, which caused over $19 billion in liquidations across crypto markets. The compensation program runs from October 16 through November 15, 2025. To qualify, users must show documented futures trading losses of at least $100 sustained between October 9 and 11, 2025, on HTX or other exchanges. The distribution amount is proportional to the verified losses submitted. This move follows similar recovery efforts by other exchanges, like Binance, amid volatility linked to elevated geopolitical tensions, particularly concerning US-China trade relations. Industry observers are monitoring the effectiveness of these support measures on trader confidence and retention.
(Source：BeInCrypto)