The largest cryptocurrency exchange Binance continues to sever all ties with the Russians. The company announced that it is completely closing the P2P trading service for users located in the Russian Federation.
Access to Binance P2P for Russian citizens who live outside of Russia and who have proven this “using proof of residence address” will remain unchanged.
Russian users of the exchange can withdraw rubles through Binance’s fiat partners until January 31, as well as convert rubles into cryptocurrency using the “Conversion” tool.
In November, Binance clients were notified of the platform’s final departure from Russia and the sale of the business to the partner trading platform CommEX. At the end of December, Binance began sending notifications to Russian clients about the need to close accounts and withdraw funds from the site.
Recently, a crypto-journalist known under the nickname Wu Blockchain said that in December 2023, the share of traffic from the Russian Federation on the largest cryptocurrency exchanges reached 19%. Russians were the leaders in the number of visits to the Bybit, MEXC and HTX sites. On Bybit, the monthly share of visitors from the Russian Federation was 19% of the total, on MEXC – 12%, on HTX – 11%.
Source: Cryptocurrency
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