The largest cryptocurrency exchange Binance stopped supporting deposits in rubles (RUB) from November 15, 2023 at 03:00 Moscow time. Withdrawal of funds in Russian currency will be available until 03:00 Moscow time on January 31, 2024, writes RBC Crypto.
The exchange warned about this in advance on November 10. Now the exchange invites users to switch to the CommEX platform and open a deposit in rubles there.
Representatives of the CommEX exchange reported that the influx of new users over the past 50 days amounted to more than 150 thousand people.
Binance users with Russian rubles on their balance can transfer their funds to the CommEX platform without commission. To do this, customers must register on the new exchange and connect it to their Binance account.
After Binance left Russia and the introduction of restrictions from other exchanges, Bybit sharply grew liquidity in the currencies of the countries of relocation of Russians, and the number of transactions in the ruble zone has also increased. Experts say the reason for this is not only the popularity of p2p transactions among relocants, but also the activity of arbitrage traders and companies that have chosen the exchange for foreign economic settlements.
Source: Cryptocurrency
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