Binance has pledged a significant $3 million donation to the Spanish Red Cross to aid relief efforts following the catastrophic floods in Valencia. This move was shared via Binance’s official X account, with the company showing its commitment to supporting communities affected by natural disasters.
#Binance is making a $3M donation to the Spanish Red Cross to support relief efforts following the devastating floods that hit the Valencia region in Spain.Our thoughts and prayers go out to all those affected.Read more https://t.co/ZzRPfYFGbf pic.twitter.com/TTyxp6bL6d
— Binance (@binance) November 5, 2024
Binance Contributes to Rebuilding Valencia After Devastating Floods
According to a blog post from centralized crypto exchange Binance, the donation will help the Spanish Red Cross mobilize essential resources to assist those impacted by the floods. The funds should be viewed as short term aid money because the goal of the funds is to help Valencia rebuild after the catastrophe.
Javier García de la Torre, the General Manager of Binance Spain, said that the company shares the pain of the people who lost their homes in the recent Valencia floods. He explained that Binance has been donating $3M to the Spanish Red Cross as a way of showing that the company is willing to help those in need at any given time.
García de la Torre also emphasized that Binance acts not only for profit but is trying to change the world by using its opportunities in a crisis. The donation helps the company to remind its commitment to the support of communities worldwide and further strengthens its position as a humanitarian organization.
Binance Strengthens Charity Commitment with Flood Relief Donation
The Spanish Red Cross also expressed their appreciation to the donation as well. Fernando Pérez-Ordoyo, the Head of International Partnerships at the Spanish Red Cross organization extended his appreciation to Binance for their support. He pointed out that the donation will help to respond to the most urgent needs of thousands of people who suffered from the floods. Fernando Pérez-Ordoyo from the Spanish Red Cross noted that Binance’s generosity has enabled vital aid to the hardest-hit communities.
It also stressed on the fact that the public at large can also come forward to help in the relief operations. The Spanish Red Cross has opened a free donation line so anyone who wishes to contribute to the effort can do so in Valencia. They all imply that every single donation can change the world.
Lastly, this is not the first time that Binance has committed itself to charity; the company has continued its efforts towards providing support for multiple causes around the world with their recent partnership with the Spanish Red Cross.