Binance to sell Russia business for undisclosed amount

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance to Sell Entire Russia Business to CommEXThe firm said the off-boarding process will take up to one year.
Source: CoinDesk - 🏆 291. / 63 Read more »

Binance fully exits Russia amid legal risks, sells business to CommEXBinance announced its full exit from Russia today, adding that the off-boarding process may take up to one year.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Binance to Leave Russia With Business Sale to Crypto Exchange CommExBinance will have no ongoing revenue split from the sale and will maintain no option to buy back shares in the business.
Source: Crypto_Potato - 🏆 568. / 51 Read more »