Crypto Exchange Executives Rally Behind Ukraine As Donations Continue To Pour Into Embattled Nation

Crypto Exchange Executives Rally Behind Ukraine As Donations Continue To Pour Into Embattled Nation

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A host of crypto exchange executives are putting their support behind Ukraine as Russia continues its invasion of the Eastern European nation. 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. 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, 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 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.

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Featured Image: Shutterstock/GrandeDuc

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