Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

CommEX Shuts Down 6 Months after Acquiring Binance’s Russia Business

25 March 2024
in Crypto Updates
Reading Time: 4 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


In an surprising twist, it has been revealed that CommEX, a
comparatively unknown crypto platform, is getting ready to droop its providers
regularly, commencing on March 20, 2024, and culminating in an entire shutdown
of web site entry by Might 10, 2024. This announcement comes after CommEX had
acquired the enterprise of Binance earlier, marking a notable shift within the
digital panorama.

The choice to wind down operations has been attributed to
“strategic changes,” leaving customers unsure about the way forward for
their digital engagements on the platform. Previous to this improvement, CommEX
had made headlines for its acquisition of Binance’s enterprise, a transfer that had
attracted consideration inside the cryptocurrency group.

From: CommEX

Regardless of its comparatively current acquisition of Binance’s
enterprise, CommEX now finds itself within the highlight because it navigates the method
of offboarding its customers and shutting down its providers. Nonetheless, particulars
surrounding CommEX, together with its possession and operational framework, stay
scant. In accordance with data obtainable on the platform’s “Phrases of
Use” web page, CommEX is operated by CommEX Holding Restricted, an organization
registered in Seychelles.

Binance’s Withdrawal from the Russian Market and Transition
to CommEX

Earlier, Binance
confirmed its full withdrawal from the Russian market, executing an
settlement to switch its complete enterprise operations in Russia to the
cryptocurrency alternate platform often known as CommEX. The announcement of this exit
had been made by Binance on September 27, 2023.

Preserve Studying

To emphasise the alternate’s give attention to guaranteeing a seamless
transition for its current Russian consumer base, Binance initiated an
off-boarding course of that prolonged over the course of 1 12 months. In a press release,
Binance talked about: “All belongings of current Russian customers are protected and
securely protected.” Binance reassured its customers concerning the security of their
holdings all through the transition interval.

In the meantime, a
federal courtroom in Nigeria has granted an interim order requiring Binance, a
cryptocurrency alternate platform, to reveal data on all Nigerian customers
to the Financial and Monetary Crimes Fee (EFCC). The order was issued in
response to an ex parte movement by the EFCC’s lawyer, with Justice Emeka Nwite
ruling in favor of the request. This directive goals to help the EFCC in
investigating potential instances of cash laundering and terrorism financing
involving cryptocurrencies on Binance’s platform.

In an surprising twist, it has been revealed that CommEX, a
comparatively unknown crypto platform, is getting ready to droop its providers
regularly, commencing on March 20, 2024, and culminating in an entire shutdown
of web site entry by Might 10, 2024. This announcement comes after CommEX had
acquired the enterprise of Binance earlier, marking a notable shift within the
digital panorama.

The choice to wind down operations has been attributed to
“strategic changes,” leaving customers unsure about the way forward for
their digital engagements on the platform. Previous to this improvement, CommEX
had made headlines for its acquisition of Binance’s enterprise, a transfer that had
attracted consideration inside the cryptocurrency group.

From: CommEX

Regardless of its comparatively current acquisition of Binance’s
enterprise, CommEX now finds itself within the highlight because it navigates the method
of offboarding its customers and shutting down its providers. Nonetheless, particulars
surrounding CommEX, together with its possession and operational framework, stay
scant. In accordance with data obtainable on the platform’s “Phrases of
Use” web page, CommEX is operated by CommEX Holding Restricted, an organization
registered in Seychelles.

Binance’s Withdrawal from the Russian Market and Transition
to CommEX

Earlier, Binance
confirmed its full withdrawal from the Russian market, executing an
settlement to switch its complete enterprise operations in Russia to the
cryptocurrency alternate platform often known as CommEX. The announcement of this exit
had been made by Binance on September 27, 2023.

Preserve Studying

To emphasise the alternate’s give attention to guaranteeing a seamless
transition for its current Russian consumer base, Binance initiated an
off-boarding course of that prolonged over the course of 1 12 months. In a press release,
Binance talked about: “All belongings of current Russian customers are protected and
securely protected.” Binance reassured its customers concerning the security of their
holdings all through the transition interval.

In the meantime, a
federal courtroom in Nigeria has granted an interim order requiring Binance, a
cryptocurrency alternate platform, to reveal data on all Nigerian customers
to the Financial and Monetary Crimes Fee (EFCC). The order was issued in
response to an ex parte movement by the EFCC’s lawyer, with Justice Emeka Nwite
ruling in favor of the request. This directive goals to help the EFCC in
investigating potential instances of cash laundering and terrorism financing
involving cryptocurrencies on Binance’s platform.



Source link

Tags: AcquiringBinancesBusinessCommEXMonthsRussiaShuts
Previous Post

Binance Rewards Crypto Literacy with Bitcoin NFTs Knowledge Contest

Next Post

SlowMist Identifies BNB Chain-based ZongZi Meme Token as Suspicious, $230,000 Potentially Drained

Related Posts

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News
Crypto Updates

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

30 July 2025
Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com
Crypto Updates

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

29 July 2025
HKMA Sets Stablecoin Rules, Registry Launch August 1
Crypto Updates

HKMA Sets Stablecoin Rules, Registry Launch August 1

29 July 2025
RAKBANK Becomes the First Traditional UAE Bank to Launch Regulated Crypto Trading
Crypto Updates

RAKBANK Becomes the First Traditional UAE Bank to Launch Regulated Crypto Trading

30 July 2025
Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX – Press release Bitcoin News
Crypto Updates

Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX – Press release Bitcoin News

29 July 2025
Binance Launchpad Review: How to Buy It in 2025
Crypto Updates

Binance Launchpad Review: How to Buy It in 2025

29 July 2025
Next Post
SlowMist Identifies BNB Chain-based ZongZi Meme Token as Suspicious, $230,000 Potentially Drained

SlowMist Identifies BNB Chain-based ZongZi Meme Token as Suspicious, $230,000 Potentially Drained

Detained Binance Executive Escapes Custody in Nigeria: Report – Decrypt

Detained Binance Executive Escapes Custody in Nigeria: Report - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

30 July 2025
Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

30 July 2025
Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

30 July 2025
‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

30 July 2025
Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

30 July 2025
Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

30 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$118,061.00-0.78%
  • ethereumEthereum(ETH)$3,805.30-1.75%
  • rippleXRP(XRP)$3.12-1.83%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$801.13-3.42%
  • solanaSolana(SOL)$180.29-3.00%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,797.59-1.83%
  • dogecoinDogecoin(DOGE)$0.221413-4.17%
  • tronTRON(TRX)$0.3347841.44%