Binance Fully Exits Russia With Sale to CommEX; No Deal Terms

Binance has entered into an agreement to sell the entirety of its Russia business to CommEX, it says in a post on its website.

• To ensure a smooth process for existing Russian users, the off-boarding process will take as long as one year, Binance says
  • “All assets of existing Russian users are safe and securely protected”
• Financial details of the deal will not be disclosed
  • Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business
• NOTE: Earlier this month, Binance Departures Gather Pace With Kostarev, Smerkis ...