In September 2023, Binance, the world's largest cryptocurrency exchange, announced its decision to leave Russia. The company sold its Russian business to CommEX, a newly launched exchange.
To ensure a smooth transition for existing users, the shutdown process will take up to one year.
Binance also noted that all assets of current Russian users are safe and securely protected.
As of October 13, 2023, the Binance exchange interface has introduced the ability to transfer funds interest-free to an account in CommEX. The cryptocurrencies available to users are Bitcoin (BTC), Ethereum (ETH), BNB (BNB), and Tether USD (USDT). |
CommEX has assured that the list of assets available for withdrawal will be expanded in the future.
To transfer funds from Binance to CommEX, users must have valid accounts on both platforms. CommEX allows users to log in through an existing Binance account.
Account information and verification status will automatically be transferred from one site to another. However, interest-free transfer is only unilateral.
If users have open margin positions on Binance, they are advised to contact Binance support.
