The largest cryptocurrency platform in the world, Binance, announced this Wednesday its exit from the Russian market and the sale of operations in this country to the Russian company CommEX. This process should take approximately one year.
“Binance announced the complete sale of its Russian operations to CommEX. To ensure a smooth transition for current users, the transition is expected to take approximately one year while ensuring the complete security of users’ assets,” the company said in a statement. statement.
Binance indicated that it would not disclose the financial terms of the deal and emphasized that the sale “marks a complete exit from Russia.”
The sale was announced 581 days after the start of the Russian military offensive in Ukraine.
“We recognize that operating in Russia is inconsistent with Binance’s strategy,” said Noah Perlman, a spokesman for the platform mentioned in the statement.
According to Binance, registered in the state of Delaware, USA, the user migration process will be gradual and orderly.
Author: Lusa
Source: CM Jornal
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