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Binance to Raise $20 Million in Support for Ukraine

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Central Bank of Bahrain Binance

Popular crypto exchange Binance will be raising $20 million in support for Ukraine. In a tweet made minutes before the publishing of this article, Binance revealed that it was doing everything to deal with the refugee crisis in Ukraine. The crypto exchange has already raised $500,000 to help the Ukrainians. Binance Takes Further Steps to Assist People in Ukraine Given that Ukraine is presently resisting Russia’s invasion, the crypto community has continued to play a vital part in the country’s defense since the vast majority of contributions have come in the form of different cryptocurrencies and donations from cryptocurrency exchanges. In response to various donations last month, Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, pledged $10 million through Binance Charity to help alleviate the humanitarian crisis in Ukraine. The funds were divided between major intergovernmental agencies and nonprofit organizations.      

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