The post Binance Sell Its Russian Operations to CommEX: What You Need to Know appeared first on Coinpedia Fintech News
Binance, the world’s leading crypto exchange, has divested its entire Russian operations to CommEX, a centralized exchange backed by top-tier crypto venture capital. The off-boarding process is set to last a year, and the deal’s financial terms remain undisclosed.
“As we look toward the future, we recognize that operating in Russia is not compatible with Binance’s compliance strategy.” – Noah Perlman, Binance’s Chief Compliance Officer
The exchange aims to shift its focus toward growing markets and align its business model with local regulatory requirements in over 100 countries where it currently operates.
Binance has entered into an agreement to sell the entirety of its Russia business to CommEX (https://t.co/JJRKCo9coA).
To ensure a smooth process for existing Russian users, the off-boarding process will take up to one year. All assets of existing Rus
We współpracy z: https://coinpedia.org/news/binance-sell-its-russian-operations-to-commex-what-you-need-to-know/
