CommEX, the Russian Alternative to Binance, Shuts Down Operations
Monday, 25 March 2024, 14:51
CommEX Crypto Exchange Announces Closure
CommEx, once hailed as the Russian equivalent of Binance, has declared a gradual suspension of operations beginning March 25, 2024. This decision has led to a series of measures affecting user transactions and market access.
Ripple Effect on Russian Crypto Community
- Asset Transfers: Suspended from Binance
- Market Impact: Closures in phases, starting from spot trading
- Warning to Users: 1% management fee post-closure if assets not withdrawn
The closure of CommEx marks the end of an era, stemming from a complex exchange of operations with Binance amidst regulatory shifts in both Russia and the global cryptocurrency sphere.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.