The largest cryptocurrency exchange Binance reportedthat on November 20 at 6:00 Moscow time he will remove ruble pairs with the largest cryptocurrencies, writes RBC Crypto.
According to the exchange, tokens planned to be delisted include Cardano (ADA), Arbitrum (ARB), Ethereum (ETH), Solana (SOL), Ripple (XRP) and many others.
According to the notice, the removal of trading pairs from the exchange will not affect the availability of tokens on the Binance spot platform. Users will be able to trade these assets in pairs with other currencies and stablecoins.
At the end of September this year, Binance entered into an agreement to sell its entire Russian business, and on November 15, it stopped supporting deposits in rubles (RUB). Withdrawals in Russian currency will be available until 3:00 Moscow time on January 31, 2024. The exchange invites users to go to the CommEX platform and open a deposit in rubles there. As representatives of CommEX told RBC-Crypto, the influx of new users to the site over the past month and a half amounted to more than 150 thousand people.
After Binance left Russia and the introduction of restrictions on the part of other exchanges, liquidity in the currencies of the countries of relocation of Russians sharply increased on the Bybit crypto exchange, and the number of transactions in the ruble zone 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 this exchange for foreign economic settlements.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
