According to data released by the Russian cryptocurrency exchange CommEX, its P2P daily trading volume has reached 90 million rubles since its launch, the number of users has exceeded 200,000, and P2P trading volume has increased by 460% in the past month. (Forklog)
According to previous news, Binance has reached an agreement with CommEX to sell all its operations in Russia. To ensure a smooth transition for existing Russian users, the termination process will last one year.
Binance will stop Russian Ruble (RUB) deposits at 00:00 UTC on November 15, 2023 (08:00 Beijing time). Withdrawals of Russian rubles will last until 00:00 UTC on January 31, 2024 (08:00 Beijing time).
Users holding Russian ruble legal balances can transfer funds to the CommEX platform for free, register a CommEX account or log in to a CommEX account, and link the corresponding Binance account. Once the connection is complete, users can transfer Russian rubles on Binance to CommEX. Additionally, users can withdraw Russian Rubles through Binance’s fiat partners, exchange Russian Rubles to cryptocurrencies on Binance Convert, or exchange Russian Rubles to cryptocurrencies on the Binance Spot Market until the deadline mentioned above.