The world’s largest crypto exchange, Binance, has announced it is exiting the Russian market.
Binance Quits
According to PR Newswire, Binance has withdrawn its services from Russia and sold its business to CommEX. Noah Perlman, Binance’s Chief Compliance Officer, said:
As we look toward the future, we recognize that operating in Russia is not compatible with Binance’s compliance strategy. We remain confident in the long-term growth of the Web3 industry around the world and will focus our energy on the 100+ other countries in which we operate.
This is a developing story
Do you have anything to say about Binance Russia or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).
For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.