The Bitget cryptocurrency exchange, registered in the Seychelles, has appointed Anton Toroptsev, the former regional director of the now defunct CommEX crypto exchange, to the position of Marketing Director in the CIS.

Before joining a leadership position at Bitget, Anton Toroptsev worked in the marketing department of the world's largest crypto exchange Binance in Russia and the CIS countries. Later, when Binance left the Russian market due to compliance with sanctions, Anton Toroptsev began serving as director of CommEX, which became the successor to Binance.

Toroptsev’s responsibilities included strategic business development, as well as establishing communications with regulators, partners and the public. At the end of March, CommEX warned clients about a complete cessation of work on the Russian market, but did not explain the reason for the closure. After taking up his new post at Bitget, Anton Toroptsev conducted a full audit of the exchange’s marketing activities in the region.

“I am pleased to join Bitget as a senior manager. I have been observing the development of this company for several years now, which managed to become one of the five largest cryptocurrency exchanges in the CIS. I am confident that my knowledge and experience will help expand the business of this exchange, making it even more successful,” said Anton Toroptsev.

Recently, Bitget Research analysts found that the number of crypto traders is growing not only in the CIS, but also in the United Arab Emirates (UAE). Analysts estimate that by the end of 2024, the number of UAE users trading digital assets could exceed 700,000.