Binance Donates $3M to Spanish Red Cross for Flood Relief Support

Binance Charity, the philanthropy arm of the global cryptocurrency exchange, recently initiated a relief effort of $3 million in response to the devastating floods that struck Valencia, a city in Spain. 

We are deeply saddened by the devastating floods in the Valencia region of Spain.#Binance is donating $3M to the Spanish Red Cross to support relief efforts and help those in need.

Our thoughts are with everyone affected. ❤️https://t.co/RTHHcKKgTy

— Richard Teng (@_RichardTeng) November 5, 2024

According to media reports, the region witnessed a year’s worth of rain in hours. This led to a tragic loss of over 200 lives with several others left injured as well as destruction of property.

Binance Donates $3M to Support Flood Victims 

In acts of solidarity and kindness, Binance donated a substantial $3 million to the Spanish Red Cross to assist with immediate relief efforts to support communities grappling with the impact of the recent natural disaster.

Expressing the exchange’s support for the affected region, Javier García de la Torre, Binance’s general manager in Spain, stated:

“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. We stand together with the community in Valencia, committed to helping rebuild and recover.”

The relief effort is expected to enable the Spanish Red Cross to mobilize vital resources for those affected by the flood, providing hope amid the devastation.

Fernando Pérez-Ordoyo, Head of International Partnerships at the Spanish Red Cross, expressed gratitude to Binance and other companies for the relief support they provided to victims.  They also established an open donation channel for anyone who wishes to contribute to relief operations and assist in rebuilding affected communities in Valencia.

Previous Donations

Before now, Binance has carried out similar relief efforts for victims of disasters. Last year, the exchange airdropped $3 million worth of BNB to provide crucial aid relief to victims of the devastating Morocco earthquake.

Binance charity has also previously provided financial assistance to those affected by an earthquake in Turkey-Syria. They offered $100 to all affected regional users, and a public donation was launched.  

With these acts of kindness, the exchange demonstrates its goal to use its global influence and resources for positive impact, especially in times of crisis.