Published 09/28/2023 11:40:21 a.m.

Binance CEO Denies Owning CommEx, But Russian Customers Will Notice Similarities

Summary by Ground News

Binance CEO Changpeng Zhao has denied owning shares in CommEx, the entity that acquired his company's Russia business. Zhao views this as a positive development due to the similarities between the two platforms. Binance had requested CommEx adopt a design and APIs akin to theirs to ensure a seamless user experience for migrating customers.

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Benzinga

Binance CEO Denies Owning CommEx, But Russian Customers Will Notice Similarities

Binance CEO Changpeng Zhao has denied owning shares in CommEx, the entity that acquired his company's Russia business. Although there are certain operational overlaps, Zhao stated. What Happened: When Binance decided to cease operations in Russia, there were murmurs about the nature of the exchange's relationship with CommEx — especially given the similarities in their operational designs. Interestingly, such intricate dynamics in the crypto wor…

09/28/2023 11:40:21 a.m.·New York, United States

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NDTV Gadgets 360

Binance Crypto Exchange to Sell Its Russia Business to CommEX

Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.

09/28/2023 1:17:52 p.m.

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