Crypto Exchange Execs Rally Behind Ukraine

The latest reports about the crypto markets involve the situation in Ukraine as well.

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

The online publication the Daily Hodl notes that Crypto.com CEO Kris Marszalek said 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. ”

According to the notes, Peter Smith, co-founder and CEO of crypto exchange platform Blockchain.com, also revealed his support for Ukraine.

More than that, he 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

It’s also worth noting that 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

Binance CEO Changpeng Zhao is taking a different approach, according to the same notes.

According to the head of the global crypto exchange, Binance helps 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.”

Anyway, stay tuned for more news and make sure to keep an eye on the crypto market as well.