As a show of support for the children of Ukraine during this time of crisis, Binance Charity contributed $2.5 million in cryptocurrency to UNICEF.
Binance has just given to aid Ukrainian children in their country's continuing war with Russia, joining a growing number of people in the crypto ecosystem who are donating money and standing up for the country's cause.
In addition, Binance Charity, the company's non-profit philanthropic arm, has donated $2.5 million in cryptocurrencies to UNICEF.
The purpose is to help fund the costs of the organization, which helps Ukrainian children and families devastated by the war.
UNICEF commended Binance for its gift in an official statement, stating that the money arrived at the correct time, as the intensification of the armed conflict is having a significant impact on the people.
Russian soldiers' advance and attacks on different infrastructure points have had an impact on the lives of residents living in Ukraine's northern regions.
The president of Ukraine's demands for citizens to join the militia and his limitations on regional cash flow have done little to ameliorate the situation for conflict zone residents.
UNICEF's efforts are focused on providing children with water, education, and protection; promoting health and hygiene assistance to communities; collaborating with Ukraine's regional governments to strengthen community support programs; and assisting mobile teams providing child protection services.
Binance CEO Chanpeng Zhao expressed his commitment to continue providing financial support to charity efforts in collaboration with UNICEF:
"We’re grateful for our ongoing collaboration with UNICEF, which with the support of the Binance community, provides emergency relief to help ease some of the suffering these children and their families are facing."