Crypto exchange giant Binance donated $2.5 million to help the children of Ukraine in their country’s ongoing war against Russia, joining a growing wave of individuals within the crypto ecosystem who are giving money and taking a stand for the country’s struggle. Binance Charity, the non-profit charitable arm of Binance, announced a $2.5 million cryptocurrency donation to UNICEF. The goal is to help cover the organization’s expenses as it supports Ukrainian children and families who have been affected by the war.
UNICEF thanked Binance for its contribution.
In an official statement, the UNICEF thanked Binance for its contribution, assuring that the money came at the right time, as the escalation of the armed conflict is profoundly affecting the population. The advance of Russian troops and attacks on various infrastructure points have devasted the lives of those living in the northern part of Ukraine. The Ukrainian president’s calls for civilians to join the militia and his restrictions on the regional cash flow have also not helped improve the situation for the residents of the conflict zones.
Binance CEO shared his willingness to continue providing financial assistance to Ukraine.
Binance CEO Changpeng Zhao shared his willingness to continue providing financial assistance to charitable initiatives in partnership with UNICEF: We’re grateful for our ongoing collaboration with UNICEF, which with the support of the Binance community, provides emergency relief to help ease some of the sufferings these children and their families are facing. Earlier, the crypto exchange had donated $10 million to Ukraine. The crypto exchange had announced, “This donation will be split between major intergovernmental organizations and nonprofit organizations already on the ground, including UNICEF, UNHCR, the UN Refugee Agency, iSans, and People in Need, to help support displaced children and families in Ukraine and its neighboring countries.”