Binance donates 1.5 million dollars to Wuhan’s Coronavirus victims

Coronavirus has caused one of the worst virus outbreaks in recent history. According to a report from am730, the third biggest newspaper in Hong Kong, China’s top virologist Yi Guan said that the probable scale of a full outbreak can reach at least 10 times that of SARS, which led to 774 deaths with 8,098 affected in 2003.

The virus has already spread to nearby countries including Japan, Malaysia, Singapore, South Korea, Vietnam, and Taiwan, plus European countries like the U.S. and France.

In Wuhan city, China

Binance donates to Wuhan’s victims

Without any statement, Binance’s CEO Changpeng Zhao, a Chinese -Canadian, tweeted that the firm guarantees to donates 10m RMB ($1.5m USD) to help Wuhan’s Coronavirus victims. CZ seems to deny using crypto assets in this, writing that it “is not realistic to do crypto to end beneficiaries.”

In addition, Binance also bought more than 8000 medical masks to help Wuhan, however, they got difficulties to transfer them. Binance’s kindness has received many loves from the crypto community in individuals and businesses in general.

Binance is likely the first crypto company to have started a charitable initiative to support victims of the latest Chinese coronavirus.

This is not the first time Binance does the charitable activity. Last month, the firm donated $1 million to Australia Bushfire’s victims and another $1 million to the massive flood in the west of Japan in 2018.

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