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Binance Ends Ruble Support on P2P as It Exits Russia!

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Binance Ends Ruble Support on P2P as It Exits Russia!

Binance is ending support for the Russian ruble on its peer-to-peer (P2P) trading platform as part of its exit from the Russian market. Binance customers in Russia can either withdraw their funds before the deadline or transfer them to CommEX, said the new owner of Binance Russia. In September, Binance announced its full exit from Russia and the sale of its local business to CommEX. The company cited compliance reasons for leaving Russia. This decision comes when Binance stated that its decision to leave Russia was motivated by inconsistencies with its compliance strategy.

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