CommEX, Owner of Binance's Former Russian Ops, to Close Down
Summary
Crypto exchange CommEX, which owns the former Russian operations of Binance, plans to shut down its website on May 10. The company has already started suspending some services, including new user registration and asset transfer from Binance. It has also stopped its fiat and crypto deposit services. CommEX is advising users to close positions, withdraw assets, and manage their assets on the platform. Binance sold its entire Russian business to CommEX in September last year due to compliance concerns.
