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The exchange also invites other companies and individuals to join the charity initiative. According to the head of the company Changpeng Zhao, the exact scheme for transferring funds to the flood victims will be developed in the very near future. Donations can be done in ETH or ERC-20 tokens.

Zhao also noted that because of the extremely limited time, this time the company decided to make the process of accepting donations as simple as possible. However, in the future Binance plans to develop a more systematic mechanism for implementing such initiatives.

The flood in Japan this week was caused by a typhoon that brought heavy rainfall. According to the NHK television channel, as of Sunday evening, the number of deaths due to torrential rains and landslides reached 85, six people are in critical condition, and another 58 people are reported missing.

The largest number of victims was recorded in the prefecture of Hiroshima, where 37 people were killed. Other victims of the disaster were from Okayama prefectures, Hyogo, Kyoto, Shiga, Fukuoka, Kosi, Gifu, Yamaguchi and Saga.