The earthquake that occurred in Turkey was one of the strongest in recent decades, as a result of which at the moment the authorities have confirmed 3,700 deaths and many were injured. The cryptocurrency industry is responding to the tragedy by creating relief packages for the victims. Governments have asked the global community to support the country in these difficult times.
Governments and organisations from all over the world are rushing to help the victims, providing medicine, rescue supplies, financial support and labour force. Several cryptocurrency companies have also pledged their support, including Gate.io, Binance, Bitfinex, Bitget, Bybit and BitMEX.
Trading platforms including BitMEX, Bybit, OKX, Bitfinex have announced that they will also assist Syrian citizens who were also affected by the earthquake.
As part of this week's upcoming trading competition, BitMEX has decided to channel profits to help earthquake victims. Meanwhile, other exchanges, such as Bitget, have allocated 1 million Turkish liras for the victims. Gate.io intends to contribute a similar amount, as well as launch a special humanitarian aid project. Bitfinex is going to help the people of Turkey and Syria, where there are also many victims from the earthquake. Bybit also intends to provide assistance, and OKX representatives plan to deliver assistance to those regions where there has been the most destruction. Binance representatives have not yet announced what measures they are taking, although they reported that they are considering various options for helping victims of this tragedy.
Cryptocurrency exchanges are taking a social stand and helping the regions of Turkey and Syria that experienced the most devastating earthquake. Several countries have now sent rescue teams to these areas in order to rebuild as many destroyed houses and historical sites as possible.
A nationwide mourning period will be declared in Turkey. The earthquake had a magnitude of 7.8 on a scale of one to ten, but was not the only earthquake to occur in recent days, although the others were of lesser intensity. Rescue work is expected to continue for some time.
