Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies

Cryptocurrency exchange Binance said on Thursday it was committing $1 billion (nearly Rs. 8,200 crore) to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move comes at a time when the crypto market is teetering from the collapse of FTX, which is seeking Chapter 11 bankruptcy protection in the United States.

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Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies Reviewed by V. Kumar on November 24, 2022 Rating: 5

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