Cryptocurrency exchanges are stepping up to help fight the Coronavirus epidemic in China. The mysterious virus first originated in Wuhan city of China has claimed nearly 200 lives and has infected close to 6,000 people. There are dozens of cases confirmed in 17 locations outside of mainland China.
Huobi will match up Binance’s donation of $1.5 million.
Crypto exchange Huobi tweeted that they send love and support to everyone impacted by the Coronavirus and are establishing Huobi Charity. The exchange also set up a 10 million RNB ($1.5 million). These funds will be used to buy protective equipment for those working in close contact with victims and to control the virus from spreading to medical staff. The exchange further revealed that it had already delivered 20,000 N95 breathing masks to hospitals in Huangguang in the province of Hubei, China.
Huobi sends love and support to everyone impacted by the coronavirus. Huobi decides to establish @HuobiCharity Charity,and set up a 10 Million RMB fund to purchase protective equipment and donate to the medical staff working at the frontline.#coronavirus #Wuhan #prayforwuhan pic.twitter.com/2GBhzVOEdE
— Huobi (@HuobiGlobal) January 27, 2020
The philanthropic side of crypto industry.
The major companies in the crypto industry have always come out to support global humanitarian causes, whether its devastating Australian bushfires or Coronavirus in China. Earlier, one of the world’s leading crypto exchange Binance announced to donate 10 million RNB to help Coronavirus victims. Binance has also donated $1 million in BNB to help fight Australian bushfires that killed half a billion animals and displaced thousands of people.
Justin Sun, the CEO of the Tron Foundation, donated $1 million to Greta Thunberg’s climate change initiative. Even though skeptics have called these acts as “publicity stunts,” but the fact remains that these funds will be utilized for a better cause.
1/ We have mobilized resources of our local offices in South Korea, Japan, the US, Argentina, Thailand, Indonesia and other places around the world to purchase medical protective equipment for Wuhan.#coronavirus #Wuhan #prayforwuhan#Huobi4Wuhan #HuobiCharity pic.twitter.com/0LKa9RdLD7
— Huobi Charity (@HuobiCharity) January 27, 2020