FTX CEO Sam Bankman-Fried said the platform had given all Ukrainian users $25 each.
"Do what you gotta do," he tweeted on Thursday as he announced the donations.
Since Russia invaded, Ukraine has limited access to currencies and cash withdrawals, making crypto more attractive.
Cryptocurrency exchange FTX has given $25 to every Ukrainian user on its platform, according to CEO Sam Bankman-Fried.
In a tweet Thursday announcing the FTX donations, the 29-year-old billionaire wrote "do what you gotta do."
Bankman-Fried's move joins humanitarian organizations in ramping up efforts to help those in Ukraine with funding and essential supplies. Cryptocurrencies have played a key role.