Share this article
Binance Taps UNIDO Goodwill Ambassador to Lead Charity Effort
Binance announced today that it has appointed Helen Hai as the new head of its charity foundation.
By Muyao Shen
Updated Sep 13, 2021, 8:09 a.m. Published Jul 9, 2018, 4:30 p.m.
A goodwill ambassador for the United Nations Industrial Development Organization (UNIDO) has been named as the head of crypto exchange Binance's new charity foundation.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
today, the move puts Helen Hai – whose work is primarily focused on development in Africa – at the top of the Binance Charity Foundation, the philanthropic arm of one of the world's largest exchanges by trade volume.
"Helen is a true believer in the Foundation's mandate: Blockchain for social good. Blockchain can make charity transparent, hence using technology and innovation to support the UN's Sustainable Development Goals," the exchange said in a statement.
Hai is said to have led a charity effort on behalf of the foundation last month, which saw the collection of donations for East Africa's jobs development programs.
The charity group is the latest affiliated organization that Binance has launched in recent weeks. Indeed, the foundation's creation suggests that the company is putting its reported profits to work – according to Business Insider, Binance expects to bring in as much as $1 billion in profit over the course of 2018.
Binance is also looking to invest in the next wave of cryptocurrency and blockchain startups. It announced a $1 billion "Social Impact Fund" in early June, as CoinDesk previously reported.
"We believe it's a disruptive social experiment. Binance Labs hopes to work with more aspirational projects to explore blockchain applications and together move forward the growth of the industry," Ella Zhang, who leads the exchange's incubator program, said at the time.
Image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin's breakout lifts crypto equities and miners in pre-market trading
Bitcoin pushes above $92,000 as stocks tied to crypto, AI mining, and metals rally in pre market trading.
What to know:
- Bitcoin breaks above $92,000, briefly touching $93,000.
- Strategy (MSTR) rises 3.5% to $163 ahead of a potential bitcoin purchase announcement.
- AI-linked miners CIFR, IREN, and HIVE extend strong gains.
- Gold, silver, and the DXY index continue to strengthen following weekend Venezuela US developments.
Top Stories
