CommEx Crypto Exchange to Shut Down in April
Russian cryptocurrency exchange CommEx, also known as Binance’s successor, has formally declared its closing down in April and has ceased accepting deposits. After acquiring the Russian operations of Binance in September 2023 for an undisclosed sum, CommEx is now dismantling its platform. On March 25, CommEx started its official Telegram group, which abruptly ceased all […]
CommEX Struggles to Attract Russian Clients
Following Binance’s withdrawal from the country, its Russian customers are switching to other platforms for cryptocurrency trading. It is becoming clear that many customers don’t appreciate CommEX, the company that bought Binance’s Russian operation. According to Satoshkin CEO Dmitry Stepanin, peer-to-peer (P2P) operations have currently decreased by between 10 and 30%. According to data from […]
CommEx Denies CZ Involvement In Binance Russia Purchase Deal
CommEx, Binance Russia’s mysterious buyer, has continued to deny Binance’s ownership involvement, although it has onboarded some ex-Binance employees. On September 29, CommEx reminded the community in an open letter that the company is not owned by Binance, which proclaimed its exit from Russia by selling it to CommEx. “Although we do not disclose our […]
Binance Announces Exit from Russia, Sells Business to CommEX
Binance, a leading cryptocurrency exchange, has decided to pull out of the Russian crypto market completely. A new rumor claims that Binance intends to withdraw from the Russian market. Significantly, the action involves selling CommEX, a freshly launched cryptocurrency exchange, the whole Russian business section. The changeover should be simple for Russian-based Binance users. The […]