<ul><li>A leading cryptocurrency exchange Binance, is embarking on a historic exit from the Russian market, transferring its operations to digital-asset exchange CommEX.</li><li>Binance&#39;s unequivocal departure from Russia without ongoing revenue-sharing agreements reflects its steadfast commitment to compliance.</li><li>CommEX and Binance have joined forces to ensure a seamless transition for Russian users.</li></ul>In a groundbreaking turn of events, cryptocurrency exchange Binance has announced its departure from the Russian market, finalizing an agreement to transfer its entire Russia-based operations to digital-asset exchange CommEX. This move marks a pivotal shift in Binance&#39;s global compliance strategy.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/711430f0a79e4e7d8bd28a5bfcae97b1.png" />According to a recent <a href="https://www.binance.com/en/blog/all/binance-fully-exits-russia-with-sale-to-commex-8578760889994024403" rel="noopener noreferrer nofollow">report</a>, a meticulous off-boarding process, spanning up to a year, is designed to ensure a seamless transition for its existing Russian user base. It emphasized that all assets belonging to current Russian users will remain entirely secure and protected throughout this transition period.Chief Compliance Officer of Binance, Noah Perlman, stated,“As we look toward the future, we recognize that operating in Russia is incompatible with the firm’s compliance strategy. We remain confident in the long-term growth of the Web3 industry worldwide and will focus our energy on the 100&#43; other countries in which we operate.” Read full article at <a href="https://cryptotale.org/binance-makes-historic-exit-from-russian-market-sells-operations-to-commex/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance Makes Historic Exit from Russian Market, Sells Operations to CommEX

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