Binance plans to sell its Russian cryptocurrency business to CommEX within the next 12 months.
The administration of the largest bitcoin exchange on the eve said that in early 2024, it plans to stop serving users, and all their digital assets will be automatically moved to another trading platform.
Binance CEO Changpeng Zhao commented on Twitter on his company’s statement about leaving the Russian market. According to him, the CommEX interface is similar to Binance, so traders will be able to quickly adapt to the new platform.