CommEx, the exchange which acquired Binance's operations in Russia in Q3 2023, has announced a phased shutdown of its services, starting with the suspension of new user registrations and stopping fund transfers from Binance from 18:00 on March 25. The official website is set to close by May 10, 2024. The decision to cease operations was made without providing a specific reason, although one tweet mentioned that CommEx was 'forced' to shut down. This move marks a significant shift for Binance's former Russian business, which was transferred to CommEx in an undisclosed deal in Q3 2023.
An exchange that took over Binance’s Russia business in September is shutting down https://t.co/SWCVlsQmjp
An exchange that took over Binance’s Russia business in September is shutting down https://t.co/kPIwBEhOZk
Crypto exchange CommEX, which bought Binance's former Russian operations in September 2023, plans to shut down its website on May 10, 2024 (@camomileshumba / CoinDesk) https://t.co/K7VLTPDmB9 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/xxgIXQccuk
COMMEX, THE EXCHANGE RUNNING BINANCE’S RUSSIAN BUSINESS, “FORCED” TO SHUT DOWN “We have to announce the gradual suspension of operations on the CommEX platform” - CommEx acquired @Binance’s Russian business in Q3 2023, in an undisclosed deal. - However, according to… https://t.co/d24ZHXqKRo https://t.co/hIhj2wcIVS
Binance's successor in Russia, CommEx, halting deposits and undergoing phased closure https://t.co/F4so8yC784
CommEX, the owner of Binance's former Russian operations, has said it plans to shut down its website by May 10. @camomileshumba reports https://t.co/8rhuOKO7HE
🚨JUST IN: COMMEX, THE EXCHANGE THAT OPERATES BINANCE'S RUSSIAN BUSINESS, TO SHUT DOWN
CommEX, which became the successor to the Binance crypto exchange for Russian users, announced its closure. Starting March 25, the exchange will close registration of new users and transfer of assets from Binance. https://t.co/3JqD3X7a4F
CommEx, the exchange that undertakes Binance’s Russian business, suddenly announced today that it will gradually cease operations. It will suspend new user registrations from 18:00 on March 25 and stop fund transfers from Binance. The official website will be closed at 18:00 on…
Binance's mysterious buyer in Russia, CommEx, has declared a phased shutdown of its services without providing a reason for the decision https://t.co/P7dT391Ppv