In response to the devastating floods that struck Valencia, Spain, Binance Charity has donated $3 million to the Spanish Red Cross (Cruz Roja Española).

According to the Tuesday announcement, the crypto exchange’s funding aims to support immediate relief efforts and assist communities affected by the recent natural disaster. The contribution from Binance Charity will enable the Spanish Red Cross to mobilize essential resources for those impacted.

“Thanks to their generosity and commitment, we can provide immediate assistance to the thousands of affected individuals, supplying vital resources in this very difficult time,” said Fernando Pérez-Ordoyo, Head of International Partnerships at the Spanish Red Cross, in a statement.

This is far from the first time that the cryptocurrency community has provided disaster relief. Back in 2020, the Italian Red Cross similarly saw an influx of crypto donations at the start of the COVID pandemic. Millions of dollars of cryptocurrency donations also flowed to Turkey last year, after the country was devastated by earthquakes.

Binance itself also provided disaster relief other times in the past. Last month, the exchange Go to Source to See Full Article
Author: Adrian Zmudzinski