Binance Russia buyer tightlipped on owners but denies CZ involvement
Binance’s buyer in Russia, CommEx, has been developing its platform for six months and has onboarded some ex-Binance employees, the firm said.
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Binance’s buyer in Russia, CommEx, has been developing its platform for six months and has onboarded some ex-Binance employees, the firm said.
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The sale has sparked chatter in local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a "Russian version" of Binance.US.
Binance, the world’s largest cryptocurrency exchange, announced that it will exit the Russian market by selling its business to rival exchange CommEx. According to a blog post, the leading crypto…
The local subsidiary of the world’s largest crypto exchange has suggested that customers convert all their fiat currency on the exchange to crypto.
The list of top censorship offenders is populated by popular platforms such as Binance, Celsius Network, Bitfinex, Ledger Live, Huobi (HTX) and Coinbase.
The financial details of the deal remain undisclosed, however as a full exit from Russia, Binance will have no ongoing revenue split, nor any option to buy back shares, the…
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