Crypto giant Binance sells Russian business to CommEX

Binance, the largest cryptocurrency exchange in the world, announced on Sep. 27 that it is exiting Russia, selling that portion of its business to CommEX. The decision to sell the entirety of the exchange’s Russian business was due to the fact that “operating in Russia is not compatible with Binance’s compliance strategy,” according to Binance Chief Compliance Officer Noah Perlman. Binance will continue to focus on the more than 100 other countries in which it operates.