The news of the fatal earthquake that caused havoc in several areas of Turkey and the vicinity sparked an immediate response from the worldwide crypto trading community.
Turkish traders, their families, and neighbors in need are now being offered assistance by digital asset exchanges because the nation has developed into a burgeoning crypto market over the past few years.
The 7.8 magnitude earthquake that rocked Southeastern Turkey and Western Syria on Monday has already claimed more than 9,000 lives. The death toll is still rising.
The largest cryptocurrency trading platform in the world, Binance, revealed on Tuesday that it would provide everyone of its users who reside in the worst impacted areas an airdrop of $100 worth of BNB tokens. According to the business, it will determine which customers are eligible based on evidence of address and distribute about $5 million in total.
Additionally, Binance Charity is now taking donations in a number of different currency, which will be converted to Turkish Lira and donated to an NGO. Several rivals, including Huobi, Okx, Bybit, and others, have pledged their support for Turkey. According to a statement from its Chief Marketing Officer Haider Rafique, Okx will give the victims of the natural tragedy 1 million Turkish lira (more than $53,000) in financial support.
The Tron exchange and blockchain have established a 2 million lira relief fund in honor of those who perished in the devastating earthquake, according to Huobi CEO Justin Sun. While Bitmex tweeted that the revenues of its trading competition this week would be donated to the Turkish Red Crescent, Coinex stated in a Facebook post that it is prepared to assist those in both nations. Bitfinex and Tether offered their condolences and promised to donate 5 million lira to the relief and recovery operations. Additionally, they would “look for methods to continue supporting Turkiye’s rebuilding for the future.”
The Disaster and Management Authority of Turkey will get $100,000, according to Singapore-based cryptocurrency exchange Bybit.
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