As Wuhan's coronavirus continues to spread, more than 2,000 people have been infected so far and the death toll has increased to 56. However, the World Health Organization recently said it was too early to declare the outbreak « a public health emergency ».
Spreading throughout China, reports came that said the virus spread due to the sale of infected animals in a local market. Reports also indicated that the country was addressing the problem of scarcity of masks and other protective materials. As a result, worldwide, philanthropic movements that help victims have seen a rebound.
In a recent tweet, Binance, the Malta-based cryptocurrency exchange, announced that the exchange promised to donate $ 1.5 million to coronavirus victims. With this movement, Binance becomes the first in crypto space to have lent a helping hand to the victims of the deadly coronavirus.
For #Wuhan, not realistic to do crypto to end beneficiaries.
Binance pledged 10m RMB ($ 1.5m USD) to help #coronavirus victims.
We didn’t make any announcements. But BCF / Binance team has been busy for the last few days.
Still need help to arrange logistics locally.🙋♀️ https://t.co/UH6FXgVSrX
– CZ Binance (@cz_binance) January 25, 2020
Noting that Binance was now working on the logistics of the move, Zhao stated that there was no use of crypto assets in the donation and that it was unrealistic to donate cryptocurrencies for the Wuhan outbreak.
That said, this is not the first time Binance has donated charity. Through its charity fund, Binance had donated $ 1 million to help those affected during the floods in western Japan in 2018. Binance also donated $ 1 million in BNB to the Australia Bushfire Donations project.