Binance fully exits Russia amid legal risks, sells business to CommEX.
Binance announced its full exit from Russia today, adding that the off-boarding process may take up to one year.
Binance, the world’s largest cryptocurrency exchange, is fully exiting Russia as it continues to face legal risks in the country.
Binance said that it has agreed to sell its Russia business to crypto exchange CommEX.
CommEX just officially launched on Tuesday. It offers “a wide range of product suites including Spot, Futures, Simple Futures and P2P service to engage with the world of cryptocurrency.”