The successor to Binance, the CommEX exchange announced its closure – Kommersant

The CommEX exchange, which became the successor to the Binance crypto exchange for Russian users after the introduction of sanctions, announced its closure. Starting March 25, the exchange will close the registration of new users and the transfer of assets from Binance. The company explained its decision to close by “a thorough analysis of the current situation and a review of strategic plans.”

“Attention, dear participants! We are forced to announce the gradual suspension of operations on the CommEX platform from March 25, 2024,” the statement reads. release exchanges.

From March 25, the exchange will stop accepting deposits in fiat and cryptocurrencies; starting from March 28, it will close the opening of positions in Simple Futures and Futures Trading; from April 2, it will stop publishing new advertisements on the P2P marketplace; from April 5, the closure of all P2P orders and advertisements will begin; from April 18—closing of all trading pairs on simple and classic futures; from April 23 – closure of the spot market; The official website will stop working from May 10.

User accounts with assets remaining after May 10 will be subject to a 1% asset management fee. The management of the exchange recommends promptly closing positions and withdrawing assets to third-party wallets.

In September 2023, due to the risks of sanctions, as well as against the backdrop of leaving Russia, the Binance cryptocurrency exchange sold the entire Russian business of CommEX without the possibility of buyback. Binance clients could link their account to their CommEX account and conduct transactions in rubles.

The news is being updated.