Binance sells Russian business amid investigations by US authorities
Image Credit: Binance
Binance, the world's largest cryptocurrency exchange, has announced its complete exit from Russia by selling its entire Russia-based operations to crypto firm CommEX. The financial terms of the deal remain undisclosed, and Binance will not retain any ongoing revenue split or option to buy back shares. The off-boarding process for existing Russian users will take up to one year, with all assets securely protected.