Published 2 months ago

Cryptocurrency exchange Binance to exit Russia

Binance, the world's largest cryptocurrency exchange, has announced that it will be selling its Russia business to newly-launched exchange CommEX, citing that operating in Russia is not compatible with its compliance strategy.
Despite not disclosing financial details, Binance has reassured its existing Russian users that all their assets are safe and there will be an orderly process for the migration of users.
Binance's decision to exit Russia aligns with its future plans and ensures the safety of its Russian users' assets, as the country continues its war against Ukraine and several other Western companies are also pulling out of the market.

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Times of India

Binance to sell Russia business to crypto exchange CommEX

Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business, the world's largest cryptocurrency exchange said in a statement.

2 months ago·India

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Reuters

Binance to sell Russia business for undisclosed amount

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.

2 months ago·United Kingdom

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Channel News Asia

Binance says to sell Russia business to CommEX

:Crypto exchange Binance said on Wednesday it has entered into an agreement to sell its Russia business to crypto exchange CommEX.Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business, the world's largest cryptocurrency exchange said in a

2 months ago·Singapore

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RTÉ

Binance to sell Russia business to CommEX

Cryptocurrency exchange Binance said today 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.

2 months ago·Ireland

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