CommEx Will Shut Down in April
Main page News, Russia, Cryptocurrency Exchanges, Binance

CommEx, Binance's successor in Russia, has officially announced its decision to halt operations and has stopped accepting deposits.

In September 2023, CommEx acquired Binance's business in Russia through an undisclosed deal, but is now in the process of shutting down its platform.

On March 25, CommEx posted a message on its official Telegram group announcing the immediate cessation of deposits and new registrations.

According to its suspension plan, CommEx will cease futures trading on March 28, and will begin suspending peer-to-peer trading on April 2. On April 23, it plans to completely shut down its spot trading platform, and its website will be suspended on May 10.

The announcement also notes that user accounts with assets remaining after May 10 will be subject to a 1% asset management fee.

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