Cryptocurrency exchange CommEX, which received Russian business from the late Binance, announced its closure. The site will gradually reduce its activities and will finally stop operating on May 10.
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“Attention dear subscribers! “We are forced to announce the gradual suspension of operations on the CommEX platform starting March 25, 2024,” the exchange said in a statement.
How will the completion of operations be carried out?
- On March 25 at 10:00 UTC (13:00 Moscow time), the platform will stop registering new users and stop asset transfers from Binance, at which point acceptance of fiat and cryptocurrency deposits will end;
- On March 28, the platform will deactivate the possibility of opening positions in Simple Futures and Futures Trading;
- On April 2, the publication of new ads on the P2P market will stop;
- On April 5, all P2P orders and ads will be automatically closed;
- On April 18, all simple and classic futures trading pairs will be closed;
- The spot market will close on April 23;
- CommEX website will stop working on May 10
The company advises users to withdraw assets and close all positions. After May 10, accounts holding assets will be subject to a 1% service fee.
The platform explained its decision by the results of a thorough analysis of the current situation and the need to reconsider strategic plans.
- Cryptocurrency exchange Binance has begun gradually closing open positions of Russian users. In the fall, Finance announced its withdrawal from the Russian market. It was later learned that the cryptocurrency exchange business would be sold to the CommEX platform.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
