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Binance is donating $10 million to Ukraine to help the humanitarian crisis

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3 years ago

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Binance, the world’s largest cryptocurrency exchange by trading volume today announces that it will donate $10 million to Ukraine. The donations are to help the ongoing humanitarian crisis in the country.

The official Twitter account of Binance tweets, “Binance is donating $10 million to help the humanitarian crisis in Ukraine. Our focus is providing on-the-ground support through charity & collaboration.”

Binance has also launched the Ukraine Emergency Relief Fund to provide emergency relief through crypto crowdfunding. Anyone interested in donating to the relief fund shall visit this official website.

According to the official post by Binance, $10 million USD donations will be given to major Intergovernmental Organizations and local NGOs.

This help will provide emergency relief to refugees and children to support logistics on the ground such as food, fuel and supplies for refugees in countries bordering with Ukraine and more.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.