Inside Binance’s charity: What is the exchange doing for social good?12

It’s fair to say crypto do-gooders are often viewed with surly scepticism, and Binance’s charitable arm has been no exception.

Since its launch at the UN last year, the nonprofit has faced an onslaught of scrutiny, with some cynics believing Binance is using it to hedge its taxes. Indeed, it is financed primarily by Binance, which now diverts 100% of projects' listing fees to the charity. Nonetheless, beyond motivation, there has been little attention as to where the organisation's charitable funds are going and the progress of its blockchain-based donation portal.

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