The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake. 

It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute.

Binance vowed to airdrop $100 in BNB to customers situated in Turkey’s most damaged cities from the earthquake, including Gaziantep, Kilis, Kahramanmaraş, Adana, Malatya, and more. The total distribution equals 94 million Turkish lira, or $5 million. Speaking on the matter was CEO Changpeng Zhao (CZ):

“The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis.”

In addition, the exchange introduced a public donation address where people can send BTC, ETH, BNB, BUSD, and XRP to ease the locals’ suffering.
Binance’s rivals – Bybit, BitMEX, and Bitfinex – were the first cryptocurrency firms to support victims of the tragedy. BitMEX vowed to donate the proceeds of this week’s Trading Competition to the Red Crescent, while the others will deliver aid packages. 
The most powerful earthquake in Turkey in the past century struck the country’s southern region in the early hours of February 6. Over 4,000 people were confirmed dead, while thousands more are believed to be buried under the ruins.

The post Binance to Distribute $5M Worth of BNB to Earthquake-Affected Turkish Users appeared first on CryptoPotato.

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Filed under: Bitcoin - @ February 7, 2023 4:10 pm