A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users”
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The cryptocurrency exchange Binance continues to serve a ‘limited number of users’ from Russia, even after its withdrawal from the market. This is reported by Cointelegraph, citing its sources. “We continue to serve a limited number of existing Russian users to ensure their digital assets remain safe and secure,” the source said. A Binance spokesperson stressed that the crypto exchange remains its highest priority,”’ and its goal is to establish “industry-leading compliance programs that cooperate effectively with law enforcement worldwide.” It is worth noting that this statement coincided with a year since Binance’s complete withdrawal from the Russian market. While some crypto exchanges, such as Bithumb, WhiteBIT, Korbit, and others, have blocked the accounts of Russian users since the beginning of the full-scale invasion, Binance continued to work with Russians for two years. After that, in September 2023, they announced their withdrawal from the market, transferring their rights to the newly created CommEx exchange. However, in March 2024, CommEX announced its closure. The exchange ceased operations in the following weeks. submitted by /u/MemenaSerena |
