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$610.00 1.59001
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$170.94 5.92136
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$0.0000392 14.66855
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$70,032.00 1.92981
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Ethereum
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$3,930.25 2.51345
Ethereum price
BNB
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$610.00 1.59001
BNB price
Solana
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$170.94 5.92136
Solana price
XRP
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$0.5373420 1.28592
XRP price
Shiba Inu
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$0.0000257 5.66738
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Pepe
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$0.0000167 5.70905
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Bonk
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$0.0000392 14.66855
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Bitcoin
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$70,032.00 1.92981
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Ethereum
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$3,930.25 2.51345
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BNB
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$610.00 1.59001
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Solana
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$170.94 5.92136
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XRP
XRP (XRP)
$0.5373420 1.28592
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Shiba Inu
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$0.0000257 5.66738
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Pepe
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$0.0000167 5.70905
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Bonk
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$0.0000392 14.66855
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Bitcoin
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$70,032.00 1.92981
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Ethereum
Ethereum (ETH)
$3,930.25 2.51345
Ethereum price
BNB
BNB (BNB)
$610.00 1.59001
BNB price
Solana
Solana (SOL)
$170.94 5.92136
Solana price
XRP
XRP (XRP)
$0.5373420 1.28592
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 5.66738
Shiba Inu price
Pepe
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$0.0000167 5.70905
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$0.0000392 14.66855
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SirWin
SirWin
SirWin

Binance’s successor in Russia CommEx announces closure

binances-successor-in-russia-commex-announces-closure
Edited by
News
Binance’s successor in Russia CommEx announces closure

Binance’s buyer in Russia, CommEx, has declared a phased shutdown of its services without providing a reason for the decision.

CommEx, a crypto exchange, which took over Binance’s Russian business following the latter’s departure from the country, has announced plans to shutter operations in Russia.

While the exchange has refrained from elaborating on the motives behind this decision, it outlined that starting from Mar. 25 at 10:00 (UTC), new user registrations will be suspended, and asset transfers from Binance will cease.

“With regret, after a thorough analysis of the current situation and a review of strategic plans, we are forced to announce the decision to suspend the work of the trading platform.” CommEx

The exchange aims to fully suspend its services by May 10, according to an official statement shared on the exchange’s Telegram channel.

CommEx added that uer accounts that maintain assets after May 10 will be “subject to an asset management fee equal to 1% of assets as measured by a snapshot of user balances on the day the platform is discontinued.” Crypto.news reached out to CommEx for comment but has not yet heard back.

In late September 2023, Binance made headlines by announcing the closure of its services in Russia, selling its local business to CommEx. Thus far, it remains unclear who is behind CommEx. Upon acquiring Binance’s operations, CommEx swiftly indicated its intent to operate with more flexibility than its predecessor.

For instance, as crypto.news previously reported, CommEx openly acknowledged providing services to users in Crimea, a region in Eastern Europe subject to sanctions by the U.S., the European Union, the United Kingdom, Canada, and Australia.

However, despite CommEx’s efforts to attract a broad user base, the exchange appears to have encounteredchallenges following Binance’s withdrawal of services from Russia.