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<h4><strong>Binance has continued offering its services to Russian users despite announcing a departure in 2023. </strong></h4>
<p>An exchange representative told Cointelegraph: “We continue to serve a limited number of existing Russian users to ensure their digital assets remain safe and secure.” Let’s discover more how Binance is doing this.</p>
<h5><strong>Binance Reaffirms Compliance with International Sanctions After Exiting Russia</strong></h5>
<p>The spokesperson added: “Binance fully complies with restrictions on individuals, entities, and countries subject to international sanctions.” Binance officially left the Russian market in 2023. At the time, the company’s chief compliance officer, Noah Perlman, explained that they couldn’t keep operating there while following the rules.</p>
<p>Although Binance claimed to have fully left the market, the company still maintains a strong presence in Russia, especially on social media. A local Telegram channel for Russian users reportedly has over 100,000 subscribers. Reports claim Binance continues to share <a href="https://www.altcoinbuzz.io/cryptocurrency-news/binance-pre-market-trade-tokens-early-before-official-listing/" target="_blank" rel="noopener noreferrer nofollow">token listings</a> and other updates via the channel.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Binance continues serving some Russian users despite its 2023 exit! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>With 6% of traffic still from Russia, they’re committed to keeping assets secure. What’s next for the crypto giant? <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://t.co/GQe4JXSVIa" rel="noopener noreferrer nofollow">pic.twitter.com/GQe4JXSVIa</a></p>
 <p>— Nancy Gupta (@nancy_29_05) <a href="https://twitter.com/nancy_29_05/status/1839225264074571964?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 26, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Despite its active presence in the Russian market, <a href="https://www.altcoinbuzz.io/?s=binance" target="_blank" rel="noopener noreferrer nofollow">Binance</a> has seen a huge decline in the number of visits to its Russian website. Visits to the local site dropped by 43% between August 2023 and July 2024.</p>
<h5><strong>Binance Hits New Milestone</strong></h5>
<p>This news follows an announcement by Binance’s CEO, Richard Teng, that the exchange reached a total trade volume of $100 trillion in September.&nbsp; This figure puts the exchange ahead of significant financial benchmarks, such as the total market capitalization of the S&amp;P 500.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Fun fact: Earlier this month, the all-time trade volume on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> surpassed $100 trillion! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>Through the highs and lows, Binance will keep building. Because our users only deserve the best.</p>
 <p>Thank you for your trust and support! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>— Richard Teng (@_RichardTeng) <a href="https://twitter.com/_RichardTeng/status/1838567951257186804?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 24, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>While the number is noteworthy, it comes at a time when Binance faces ongoing scrutiny over its operations in various markets. Despite its achievements, questions about regulatory compliance and market presence continue to shadow the exchange.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/binance-still-serves-russian-users-despite-exit/" rel="noopener noreferrer nofollow">Binance Still Serves Russian Users Despite Exit</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Binance Still Serves Russian Users Despite Exit

Altcoin Buzz

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