CommEx, the exchange responsible for managing Binance’s operations in Russia, has made a sudden announcement regarding the gradual cessation of its services.
CommEx, the exchange overseeing Binance’s operations in Russia, has taken the industry by surprise with its recent announcement. The exchange revealed that it will begin the process of winding down its operations, starting with the suspension of new user registrations from 18:00 on March 25. Additionally, all fund transfers from Binance will be halted, leading up to the closure of the official website on May 10.
The decision to cease operations has left many in the community speculating about the reasons behind this sudden move. Despite the significant impact on users and the cryptocurrency market, officials have chosen not to disclose the specific cause for this decision.
