A host of crypto exchange executives are putting their support behind Ukraine as Russia continues its invasion of the Eastern European nation.
Crypto.com CEO Kris Marszalek tells his 146,400 Twitter followers that the Singapore-based digital asset exchange has made a sizeable donation to the Red Cross in support of the embattled country.
“Our thoughts are with the people of Ukraine and innocent bystanders in the ongoing conflict. Crypto.com has made a $1 million donation to the Red Cross. We urge our community to do what they can to support humanitarian efforts. ”
Peter Smith, co-founder and CEO of crypto exchange platform Blockchain.com, also announces his support for Ukraine and pledged that all Ukrainian users of the protocol will have their transaction fees waived when buying, selling or swapping their digital assets.
Effective immediately we have waived all https://t.co/1UoscE0pS8 fees for trading and swapping crypto for Ukrainian users.
The details
— Peter Smith (@OneMorePeter) February 26, 2022
CEO of crypto derivatives exchange Sam Bankman-Fried is also chipping in, providing $25 to every Ukrainian FTX user.
we just gave $25 to each Ukrainian on FTX
do what you gotta do
— SBF (@SBF_FTX) February 24, 2022
Meanwhile, Binance CEO Changpeng Zhao is taking a different approach. According to the head of the global crypto exchange, Binance is providing aid to Ukrainians on the ground rather than using his exchange platform.
“Our teams have been working on multiple charity efforts non stop. Money/crypto/fees are not the key issues. Logistics on the ground, food, fuel, supplies are. For refugees, places to stay, visa, etc. Stay tuned.
Binance is apolitical, we just care about the people.”
While crypto exchange executives are voicing their support for Ukraine, a prominent figure in the space says he’s keeping his platform neutral.
Ethereum co-founder Vitalik Buterin says that the leading smart contract platform will remain impartial despite his strong opinion on the matter.
“Reminder: Ethereum is neutral, but I am not.”
Buterin recently blasted Russian President Vladimir Putin for his attack on Ukraine.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc
The post Crypto Exchange Executives Rally Behind Ukraine As Donations Continue To Pour Into Embattled Nation appeared first on The Daily Hodl.