Quick Breakdown
- HTX launches $100M airdrop to help traders recover from the $19B market crash on October 11.
- Eligible users with losses above 100 USDT can claim up to 5,000 USDT in futures coupons before November 15.
- Binance also unveiled a $400M “Together Initiative” to aid affected retail and institutional traders.
HTX steps in with $100 Million recovery airdrop
Crypto exchange HTX has announced a $100 million USDT airdrop designed to support traders who suffered losses during the massive market liquidation on October 11, which wiped out over $19 billion in leveraged positions.
❤️ The Market May Be Ruthless, But HTX Cares!
🔥 HTX launches the $100M “Sail Together” Initiative!Two Highlights:
✅ For Global Traders: Claim up to 5,000 USDT of a loss-rebate airdrop
✅ Exclusive HTX Bonuses: Earn an extra 50-100 USDT for futures transfers or trades… pic.twitter.com/lfc2scn2gA— HTX (@HTX_Global) October 18, 2025
In an October 20 announcement, HTX unveiled the “Sail Together” initiative, a global loss-rebate campaign open to all crypto traders — regardless of platform or region. The program runs until November 15, offering eligible users up to 5,000 USDT in compensation through futures coupon packages.
Eligibility and claim process
To qualify, participants must have recorded trading losses of at least 100 USDT between October 9 at 4:00 p.m. UTC and October 11 at 3:59 p.m. UTC. Claimants are also required to create an HTX account and complete Level 1 KYC verification before the campaign ends.
The airdrop will be distributed based on the extent of users’ losses and their activity on HTX’s futures platform. Verified claimants can receive futures coupons ranging from 50 to 5,000 USDT, which can be used to offset trading costs or open new positions.
“Through tangible incentives and genuine support, HTX aims to help users quickly recover from setbacks and rebuild confidence,” the exchange stated, calling on other industry players to join in strengthening the sector’s resilience.
Binance launches a parallel $400 million relief effort
HTX’s initiative follows Binance’s $400 million “Together Initiative” launched a week earlier. Binance’s support package allocates $300 million in token vouchers to retail users whose liquidation losses on October 10–11 exceeded $50 and represented at least 30% of their total account value.
An additional $100 million is earmarked for low-interest loans to institutional clients hit by the same market turmoil.
The back-to-back relief efforts by two of the industry’s largest exchanges highlight a growing trend of exchanges stepping in to stabilize trader sentiment after severe market disruptions triggered by macroeconomic shocks — in this case, fears of a trade war following Donald Trump’s comments about China.
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