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Article • 12 months ago

Binance's Russian Users Expected to Transition to CommEX Amid Rising Competition

Binance's Russian Users Expected to Transition to CommEX Amid Rising Competition
Summary
  • CommEx is expecting approximately 1 million users to move from Binance's Russian business to its platform.
  • Other exchanges like ByBit are also likely to attract Binance's Russian customers through their marketing efforts.
  • Binance's decision to exit Russia is a result of regulatory pressures and restrictions imposed on users in the country.

Source: https://cryptoslate.com/commex-to-acquire-1-million-russian-customers-from-binance-mid-increased-competition/

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