The largest cryptocurrency exchange – Binance – is helping Turkish residents recover from a devastating earthquake.
It will distribute $100 worth of its BNB token to each user in the community and create a public donation address where people can send additional funds.
- Binance will air-drop $100 of its BNB coin to customers living in Turkey’s earthquake–affected cities, including Gaziantep, Kilis, Kahramanmaraş, and Adana. The total value amounts to 94 million Turkish lire, or about $5 million.
“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.”
To help those affected by the floods, the exchange introduced a public donation address where people could send funds in BTC, ETH, BNB, or XRP.
Binance’s competitors—Bybit, BitMEX, and Bitfinex— were the first cryptocurrency firms to support victims of this tragedy. By bit vowed to donate proceeds from a trading competition it is currently running on its platform for Red Crescent relief efforts. At the same time, BitMEX will deliver aid packages with each trade this week.
The deadliest earthquake in Turkey’s history occurred early on February 6, devastating the country’s southern region with over 4,000 casualties. Thousands more are believed to be buried under rubble.
