Support from the cryptocurrency industry is booming in the wake of a devastating earthquake that has so far claimed over 1,700 lives and levelled portions of Turkey and Syria. Several crypto exchanges have already started putting together aid packages for those affected.
Governments and organisations from all over the world have rushed to the victims’ aid, providing funding, manpower, medical supplies, and rescue equipment. Several cryptocurrency trading platforms, including Gate.io, Binance, Bitfinex, Bitget, Bybit, Bitget, and BitMEX, have also committed to providing similar relief.
Bitget olarak, Türkiye'deki depremden etkilenen insanlarla dayanışma içinde olmak ve yapılan yardım çalışmalarına katkı sağlamak adına 1 milyon Türk lirası bağışlayacağımızı bildirmek istiyoruz. https://t.co/Dut5PIgBy7
— 🇹🇷 Bitget Türkiye (@bitgetturkey) February 6, 2023
Indeed, according to Gate.io’s Twitter account, the platform had “started to create humanitarian packages to help victims in the earthquake area in Turkey” and will “send them in coordination with the authorities,” while Changpeng Zhao, CEO of Binance, offered his support and pledged to assist.
Notably, Turkey is the Middle East and North Africa’s (MENA) largest cryptocurrency market. MENA was the region that stood out for recording the highest year-over-year (YoY) growth in crypto transaction volume among all other regions in 2022.