Binance Charity, the philanthropic branch of the leading crypto exchange Binance, is donating $3 million to the Spanish Red Cross to support flood relief efforts in Valencia, Spain.
The crypto donation aims to provide immediate assistance to communities affected by recent severe flooding, which has led to widespread damage and displaced thousands of residents.
“Our hearts go out to all those affected by the devastating floods in Valencia. At Binance, we are committed to leveraging our resources to provide critical support during these challenging times. Through our donation to the Spanish Red Cross, we aim to bring relief and assistance to the people who need it most,” said Javier García de la Torre, Binance’s General Manager for Spain.
The executive further noted that the company stands with the community and is committed to helping, rebuilding, and recovering.
Web3 as Solution For Humanitarian Impact
Binance Charity said it is dedicated to building a future where Web3 technology is used as a force for good.
The non-profit also enables Web3 to drive social transformation by making its education and research accessible and advancing global solutions for local humanitarian impact.
Fernando Pérez-Ordoyo, Head of International Partnerships at the Spanish Red Cross, expressed deep gratitude towards Binance’s donation.
“We would like to express our sincerest gratitude to all the companies, such as Binance, that with their invaluable support are an essential part of the response to the recent floods. 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,” he said.
Pérez-Ordoyo also noted that the donation not only reaches the most affected areas but also makes a significant difference in the lives of those facing loss and uncertainty.
Not the First
Over the years, Binance Charity has stayed true to its cause, donating millions of dollars worth of crypto assets to support different charity projects.
For instance, in 2023, the non-profit donated over $20,000 to Instituto Ruas, a Brazilian organization that educates homeless and socially vulnerable people in the city of São Paulo to support their personal development and the ability to generate income.
The foundation also donated more than $3 million to Morocco due to an earthquake that took many lives and damaged many properties.
So far, Binance Charity has supported over 2 million people in over 54 countries by committing more than $23 million to funds and 32 projects.
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