The largest crypto exchange donates 10 million dollars to Ukraine

Binance, the world’s largest crypto exchange, announced that it would donate 10 million dollars to Ukraine.

“The donation will be divided between large intergovernmental and non-profit organizations that are already on the ground,” the statement said.

Binance is also launching an emergency fund for the affected country, called the Ukraine Emergency Relief Fund.

In doing so, they seek to enable people around the world to donate cryptocurrencies to help provide emergency assistance to refugees and children and to support logistics on the ground.

“Watching this conflict escalate over the past four days has shocked our community to the core.

We are proud to have been able to quickly assemble our network to provide assistance and support on the ground to those in need,” said Changpeng Zhao, founder of Binance.

Meanwhile, the official account of the Ukrainian government on Twitter on Thursday published two accounts for digital money, one for exclusively receiving Bitcoin, and the other for cryptocurrencies Ethereum and Ether.

Analytical firm Elliptic said the two wallets had already received $24.6 million in 26,000+ transactions.

Cryptocurrencies have become very popular nowadays and there are numerous speculations and debates on the topic of whether investing in this type of money is profitable or not.

However, the use of Bitcoin and other cryptocurrencies in the Russian-Ukrainian conflict will certainly open a new page in the use of this digital money.