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Crypto exchanges against Coronavirus


The situation continues to get worse worldwide. This week the first two cases of Coronavirus have been detected 🦠 in our part of the continent; particularly in Mexico 🇲🇽 and in Brazil 🇧🇷.

Although the speed with which the number of dead 💀 and the number of infected in China 🇨🇳 continues to be reduced (although it is still very frightening numbers; about 300 infected per day). The number of deaths, and new cases has begun to accelerate in the European Union 🇪🇺, especially in Italy 🇮🇹; so the next outbreak is expected to be in the old continent, and hence, that Satoshi saves us.

Our cryptoverse is not disconnected from this whole situation; since from its deepest roots, crypto and blockchain technology were created to help humanity no matter skin color, creed, sex, or any other type of discrimination.

So sooner rather than later, it has been put to work to contribute once again that corresponding grain of sand in this new crisis of the Coronavirus 🦠.

Exchanges against Coronavirus


As we know one of the most important cryptocurrency agents is cryptocurrency exchanges. Well, they are the cryptoverse door for many of us who do not have the technical capacity to be completely decentralized.

One of the most famous exchange houses is Coinbase, and its CEO, Brian Armstrong, has been a bit different from what we all expected.

Coinbase has not mentioned any donation to the victims of this new Coronavirus pandemic. However, the company revealed how it plans to keep its operations running; and protect its employees throughout the Asian and European continent; which so far are the most affected.

Our expectation is that the average mortality rate; once the low severity cases are included in the general count; decrease incredibly. So we will see a very limited transmission of the virus in the Americas where there will be less situations of multigenerational housing of high density, Coinbase CEO said.

3-Stage Coinbase Plan

The entire Coinbase team has generated a 3-stage plan to protect each and every one of its employees; what includes:

  1. Improve office cleaning schedules.
  2. To employees not vital to the process that work from their homes.
  3. In case the virus spreads and some of them are infected, the offices will close and all employees; vital or not; They will work from home.

Unlike most crypto exchanges in the world; as Binance; who believe that the concept of offices belongs to the ancient world. Coinbase has offices in the United States Japón, Japan 🇯🇵, the United Kingdom 🇬🇧 and Ireland 🇮🇪.


In the case of the world’s largest crypto exchange, we see more than antagonistic behavior with respect to Coinbase. In fact, the contrast is so marked that it highlights the essences of both companies.

Binance has donated more than $ 2 million for medical supplies and logistics since the beginning of the Coronavirus crisis to combat this new pandemic at the root of the matter.

In a detailed blog post on the company, you can see exactly how the Binance donation has been spent.

According to the portal, Binance Charity has successfully delivered hundreds of thousands of supplies to people who need help in Wuhan. These include 2,300 protective suits, 50,000 pairs of nitrile gloves and 28,800 masks.

The company has not yet revealed how it plans to protect its workers. Although, according to some of the latest tweets from CEO Changpeng Zhao (CZ), that policy would not imply containing any of the company’s offices, as it seems to have none.

And you? What do you think of the position that both Binance and Coinbase have taken? Which crypto exchange do you think has made the best decision?

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Ernesto Briceño Leonett

Economics student of the UCV. Defender of individual freedoms and of course also of the market and cryptocurrencies.

Ernesto Briceño Leonett

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