Binance exits Russia via sale of Russian business
Binance agreed to sell its entire Russian business to CommEX and said the off-boarding process would take up to a year. The move removed one of the world's largest exchanges from a large market and was framed by Binance as a compliance decision.
Binance agreed to sell its entire Russian business to CommEX and said the off-boarding process would take up to a year. The move removed one of the world's largest exchanges from a large market and was framed by Binance as a compliance decision.
The market-infrastructure connection was bitcoin exchange access/market infrastructure. Changes to exchange access, banking, custody, or withdrawals can materially affect how people enter and leave Bitcoin markets even when the Bitcoin network continues operating independently.
The Bitcoin connection ran through bitcoin exchange access/market infrastructure. Material geographic exit by a major Bitcoin exchange.