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Binance to sell Russia business for undisclosed amount

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Binance, the world's largest cryptocurrency exchange, said it will sell its Russia business to newly-launched exchange CommEX.

Binance, the world's largest cryptocurrency exchange, did not disclose financial details of the deal.

Many Western companies, including Renault, Shell, McDonald's and others, have agreed to sell their Russian assets or hand them over to local managers to comply with sanctions over the war in Ukraine.Justin Sullivan | Getty Images Binance, the world's largest cryptocurrency exchange, did not disclose financial details of the deal. The company said it will have no ongoing revenue split from the sale, nor will it maintain an option to buy back shares in the business.

 

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