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Despite rumors, CommEX, the company that acquired Binance’s Russian business, has denied any connection with Binance.&nbsp; 
In a&nbsp;<a target="_blank" href="https://commex.zendesk.com/hc/ru/articles/8011097433999" rel="noopener noreferrer nofollow">statement</a>, CommEX acknowledges that they have former Binance employees on their team but emphasizes that Binance does not own their company.&nbsp; 
CommEX did not disclose the identities of their leaders as they prefer to remain private. 
 You might also like: <a href="https://crypto.news/binance-considers-exit-from-russia-following-sanction-violations/" rel="noopener noreferrer nofollow"> Binance considers exit from Russia following sanction violations </a> 
The company also revealed that it took six months to develop the platform, with former Binance employees contributing their experience in product creation and internal processes. 
The similarity of cultures and values between the two companies played a crucial role in winning Binance’s trust. 
<blockquote class="wp-block-quote"> 
 “Based on the trust in former Binance employees and given our proven technological capabilities, choosing us was not a risk, but the best decision.” <cite>CommEX team</cite> 
</blockquote> 
On Sep. 27, 2023, Binance&nbsp;<a target="_blank" href="https://crypto.news/breaking-binance-pulls-out-of-russia-selling-local-subsidiary-to-commex/" rel="noopener noreferrer nofollow">agreed</a>&nbsp;to sell its Russian business to CommEX. CommEX, founded on Sep. 26, 2023, announced the deal on its website.&nbsp; 
Binance intends to shut down its remaining exchange services and other business ventures in the coming months but assures users that the transition will be smooth and uninterrupted. 
 Read more: <a href="https://crypto.news/binance-russia-employees-may-join-commex-following-acquisition/" rel="noopener noreferrer nofollow"> Binance Russia employees may join CommEx following acquisition </a>

CommEX dismisses rumors, denies connection with Binance

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