It is further stated that all assets of existing Russian users are safe and securely protected.
The company will focus its efforts on growing Binance in the more than 100 countries in which it operates. During an orderly and gradual user “transition”, Binance and CommEX will take all necessary measures to inform users about the procedure for transferring their assets to the CommEX platform. New users who complete the personal data verification procedure will be partially directed to the CommEX platform.
Over the next few months, Binance will cease its foreign exchange services and other business activities in Russia.
While the financial details of the agreement remain confidential, it was noted that Binance will completely stop its activities in Russia, unlike previous transactions of other companies in Russia, which have the right to a part of the after-sale profits and the possibility of repurchase. in the future.
Source: Ferra
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