Cryptocurrency Analysis and News Portal
Russian clients of Binance, following its exit from the region, are shifting to various platforms for crypto trading. However, it is emerging that CommEX, the company that acquired Binance’s Russian business, isn’t a preferred choice for many clients. Thus far, peer-to-peer (P2P) operations have fallen by between 10 and 30%,
Read More
Despite rumors, CommEX, the company that acquired Binance’s Russian business, has denied any connection with Binance. In a statement, CommEX acknowledges that they have former Binance employees on their team but emphasizes that Binance does not own their company. CommEX did not disclose the identities of their leaders as they prefer to remain
Read More
On Sep. 28, Binance CEO Changpeng Zhao said some former Binance Russia employees and the Commonwealth of Independent States might be integrated into the CommEx team. Zhao mentioned that this move aims to make the transition of Binance users to CommEx as smooth as possible in the region. CommEX’s platform, APIs,
Read More
CZ confirmed that Binance did encourage CommEX to have a similar design and technical features to Binance. Changpeng Zhao (CZ) has denied claims that he may be the owner of CommEX, a company whose identity continues to raise suspicion. CZ issued the disclaimer on Thursday in line with the growing speculations
Read More
Binance’s CEO sought to quell rumors about the mysterious, day-old, crypto company as he seeks to quit Russia. Source
Read More
CommEX, the entity that has acquired Binance’s Russian branch, is registered in Seychelles and will be accessible to users in Crimea, a sanctioned territory. In a Q&A session on Telegram, a CommEX spokesman said they are working with Crimea, a peninsula in Eastern Europe sanctioned by the U.S., the European Union
Read More
Cryptocurrency exchange Binance has claimed that it will fully quit Russia by selling its local business to a completely new exchange known as CommEx. While promising its customers a “smooth” migration, Binance hasn’t provided much information about its successor in Russia.At the time of the announcement, little is known about CommEx’s
Read More
The new development comes a day after CommEX officially launched on September 26, 2023. Binance, the world’s largest cryptocurrency exchange, has exited the Russian market, selling its business operations to CommEX, a digital assets trading platform. While Binance did not disclose the financial terms of the deal, the company assured its Russian
Read More
Binance is set to fully exit the country with the sale and will have no ongoing revenue split, it said Wednesday. Source
Read More
Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to a newly launched crypto exchange business known as CommEX.Binance has entered into an agreement to sell the entirety of its Russia business to CommEX, the firm said in an announcement to Cointelegraph on Sept. 27.
Read More