The world's largest crypto exchange Binance will not abandon the Russian business after another crypto exchange Commax, which bought out this asset, announced its imminent closure. The site is currently negotiating with new potential buyers. Forbes writes about this with reference to a message from the company's press service.

"We plan to finally wind down all Binance exchange services and business operations in Russia, making every possible effort to ensure smooth operation for users during this transition," the company promised.

The sale of the Russian Commax business became known at the end of September last year. Binance explained that further work here would be incompatible with the compliance strategy.

However, on March 25, Commax announced that it was starting to wind down operations, and all work would be stopped by May 10. The representative of the crypto exchange noted that the decision was preceded by a thorough analysis of the current situation and a revision of strategic plans.