Thursday, April 18, 2024 –The spot market for CommEX, Binance’s successor crypto exchange in Russia, said in a Telegram Message that the official website of CommEX used for exchanges would not be available from May 10.
The CommEX team has also suggested that the users close their accounts and request to withdraw their assets since accounts with considerable balances will have to pay 1% of the asset management fee for the total value of their assets in the account, starting on May 10.
CommEX, announced on March 25, 2024, via the official Telegram channel that their operations would be closed from April this year, according to a resource related. 1
Binance, which had the top user market in Russia at the time it sold its Russian crypto operations to CommEX in September last year (2023), had not revealed the details about founders and executives of CommEX.
The services of CommEX, like new user registrations, asset transfers made through Binance, fiat and cryptocurrency deposits, will also be suspended, according to reports. 2
CommEX suspended many of its operations in April and it had duly informed users about the scaling down of its businesses.
The peer-to-peer listings was stopped on April 2, while the orders and listings were automatically closed on April 5.
- Binance crypto exchange in Russia: https://cointelegraph.com/news/binance-russia-successor-commex-shuts[↩]
- https://cointelegraph.com/news/binance-russia-successor-commex-shuts[↩]
