Even though the Russian-Ukraine conflict has created a terrible situation, fundraising efforts around the globe are supporting Ukraine. Binance recently announced $10 million of donations to Ukraine for its humanitarian crisis. Binance Charity Foundation will make the donations.

#Binance is donating $10 million to help the humanitarian crisis in UkraineOur focus is providing on-the-ground support through charity & collaboration.@BinanceBCF has also created the Ukraine Emergency Relief Fund for crypto-crowdfunding.

— Binance (@binance) February 27, 2022

This donation will be split between non-profit and intergovernmental organisations like UNICEF and UNHCR. The donation will also be used to assist displaced persons in Ukraine as well as those from other countries.

Binance released a press release stating that the company has collected $6 Million BNB.

Focusing more on financial aid, Binance has also unrolled a crypto-first crowdfunding site — Ukraine Emergency Relief Fund as emergency relief to refugees. People from all over the globe can contribute crypto to support refugees by providing food, fuel, or other urgent supplies.

Local refugee groups are actively supporting citizens crossing the border. These organizations also work in collaboration with Binance.

In the past, Binance’s Luxembourg Committee has worked with UNICEF to provide support in the midst of the Beirut Explosion. They have also collaborated in global efforts to provide COVID-19 vaccination. The current donation is not being considered. Instead, it will be used to provide welfare and charitable support for the estimated 7.5 million kids in Ukraine.

In addition, crypto-contributions for Ukraine have created a new source of financial support to the people. Last week, Bitcoin’s contribution surged to over $400,000 BTC, as reported by blockchain analytic firm Elliptic.

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