A piece of good news is up for the community of Binance, as it was reported that the cryptocurrency exchange had received 28,888 BNB or approximately $500,000 in fiat money.

Binance is also known to be one of the pioneering companies in the cryptocurrency industry to help people through the provision of aids and services, as part of their Corporate Social Responsibility (CSR).

Binance Charity Foundation is a non-profit organization founded by Binance, one of the world’s largest cryptocurrency exchanges. The foundation is committed to improving the lives of people in underserved communities by using blockchain technology to create transparency and accountability in charitable giving.

Some proofs that the aids and services were definitely provided to its beneficiaries can be found on Binance’s official website, wherein blogs are used as their medium for documenting the things happening during the provision of services.

An example was the recent help given by Binance to the casualties of Budududa on 11 October 2018 where 12,000 people were affected by a tragic disaster. On 10 April 2019, a Twitter user posted an intriguing matter on his account saying that Binance transferred 28,888 BNB or approximately $500,000 in fiat money.

28,888 BNB (514,643 USD) transferred from #Binance to another wallet Tx

After Whale Alert’s post, Changpeng Zao, Binance’s CEO, retweeted Whale Alert’s post on his official Twitter account saying that the BNB transferred was actually a donation from Crypto.com.

This is a donation from @cryptocom to @BinanceBCF, no strings attached. Many thanks to @KrisHK @bobbybaocrypto for the generous donation!

More follow up tweets/posts to come about these good hearted people!

I wish @whalealert could add Binance Charity addresses.

Crypto.com, a fast-growing crypto platform, has made a name for itself in the industry by offering a range of innovative products and services to its users. The company’s decision to donate a significant amount of funds to the Binance Charity Foundation is a clear indication of its commitment to giving back to the community.