When trying to log into the peer-to-peer trading service, Binance users are now greeted with a message that the exchange is transferring the ruble P2P business to CommEX and is asked to go to the site of this site. However, for now, Binance clients can still use the exchange’s own service. It is not yet known when the possibility of P2P trading will be disabled for Russian users.
The fact that Binance decided to completely leave Russia and transfer its business to CommEX became known at the end of September. Many have speculated that the Chinese platform is simply launching its own subsidiary under the CommEX brand to avoid accusations of violating sanctions from Western regulators. This version is confirmed by a similar interface and the ability to log into an account on CommEX using data from Binance.
Later, information appeared that Kazakh businessmen could be behind the CommEX exchange.
Source: Bits
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