Binance cryptocurrency exchange leaves the Russian market
Within a few months, cryptocurrency exchange Binance will close all exchange services and business lines in the Russian Federation. The business will be sold to CommEX.
The largest cryptocurrency exchange Binance has decided to leave the Russian market. The business will be sold to CommEX. This is reported on the website of Binance.
It is reported that the full process of transferring users to the new platform will take up to one year. In Binance assured that the assets of clients from the Russian Federation will be reliably protected.
Looking ahead, we realise that operating in Russia is incompatible with Binance's compliance strategy," said Noah Perlman, Binance's director of compliance.
Financial details of the deal were not disclosed, but as a result of this sale, Binance will completely leave the Russian Federation.
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