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

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…

CZ Denies He Owns CommEX, Binance Russia's New Owner

Binance’s CEO sought to quell speculation about the mysterious, day-old, crypto company found as part of a hasty Russian exit

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.

Binance Chief Says Former Russia Unit CommEx 'Does Not Service US or EU Users'

As part of the recent sale, Binance CEO said that “a few ex-Binance CIS team members” may join the CommEx team.