The war in Ukraine continues. The same goes for help from various charities and individuals. WhiteBIT, Europe’s largest cryptocurrency exchange, could not stay away from the disaster, providing support to the country since the start of the Russian invasion. In almost 4 months, WhiteBIT managed to raise nearly 100 million UAH for humanitarian and army needs. Let’s find out how the company is helping Ukraine and what is its biggest motivation for doing so.
What is WhiteBIT?
We will go a long way. WhiteBIT is a crypto exchange that comes from Kharkiv, Ukraine. The founder and CEO of the company is Volodymyr Nosov. The exchange offers various opportunities for buy cryptocurrency, including digital asset exchange, trading, staking and different tools for effective crypto trading like margin and futures trading. The exchange is included in the Top 2 of the most secure platforms for trading digital assets in the world.
WhiteBIT and the war in Ukraine
The stock exchange operated in Kharkiv, with 90% of its staff coming from the city. The outbreak of war prompted Nosov to make a complex decision and move the company from Kharkiv, which had been bombed since the first day of the war, to another country. Forced relocation has accelerated the company’s market expansion. Today, WhiteBIT is among the most popular exchanges in Europe and beyond. Volodymyr Nosov explained: “We relocate the exchange to other countries does not mean that we stop operating in Ukraine. Our main goal was to ensure the safety of our employees and their families and to provide continuous operation of the platform for Ukrainian users. WhiteBIT has made many functional updates to make the experience of our Ukrainian users as smooth as possible. It includes a simplified identity verification process, for example, or the upgrade of hryvnia withdrawal limits. In addition to functional improvements, the exchange and its affiliates are initiating and engaging in fundraising campaigns and partnerships that put Ukraine’s support first”.
The Kharkiv-based Volodymyr Nosov exchange has been in the spotlight since February 24 and continues to generate buzz with its generous support of the warring country.
WhiteBIT Campaigns and Partnerships
We have already mentioned that WhiteBIT is actively involved in supporting its motherland. Practically all initiatives of Volodymyr Nosov create a lot of discussion in the crypto community and above. Here are some examples.
In May, WhiteBIT partnered with United24, Ukrainian President Volodymyr Zelensky’s fundraising campaign. WhiteBIT’s affiliate, Whitepay, operates as a crypto payment processing system that is responsible for processing all crypto donations. Any person, organization or even government can contribute digital assets with just a few clicks.
In June, the exchange bought the main Eurovision winners trophy at the fundraising auction. $900,000 was spent on military needs. Volodymyr Nosov stressed: “We are not drawing attention to ourselves, but we are stressing the importance of helping Ukraine in any way possible. And we strive to inspire others to do the same.
WhiteBIT has launched its own fundraising campaign with Whitepay. So far, the Nosov crypto exchange has managed to raise $96,000. Most of the funds are sent to the needs of affected Ukrainian citizens. The company itself donated a large part. Volodymyr Nosov said that 44 million UAH was paid by his company, including him and WhiteBIT employees. About 53 million UAH was collected through Whitepay. Anyone can donate to Whitepay platform.
“I am beyond grateful to the people who risk their safety while transporting and distributing the humanitarian goods we procure for civilians and military. These people are real heroes, and that is why there is no doubt that our country will withstand all these disasters and become even stronger. We, in turn, will continue to do everything possible to bring our victory day closer,” said Volodymyr Nosov, “WhiteBIT is not an ordinary crypto exchange, we have a heart and we know that our efforts will bear fruit. fruits.
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