Leading cryptocurrency exchange Binance has committed $1 million to support the Australia bushfire relief through its blockchain-based charity platform and official philanthropic arm Binance Charity Foundation. 

According to an announcement made Jan. 7, Binance will donate $1 million worth of BNB towards its Australia Bushfire Donations program, which seeks donations from the crypto community to provide relief for the ongoing wildfire crisis. All funds raised through the charitable program will be used to help “alleviate the impact of this disaster and facilitate the restoration afterwards.”

Binance CEO Changpeng Zhao said of the relief fund, 

It is painful to see the bushfires burning across Australia as well as the devastating effects on the ecology and local community. We want to help this urgent crisis.

He continued, urging others in the crypto community to contribute, 

Donating for Australia Bushfires charity program is the most direct and effective approach to make an impact, and we are also calling for the whole crypto community to join us in supporting Australia.

The Binance Charity Foundation records all donations and allocations on a public blockchain that is made available for verification. 

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