Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Crypto exchange CommEX, the owner of Binance's former Russian operations, plans to completely shut down its website on May 10, according toCommEX said that it has already begun to suspend certain services. Starting Monday, new users will no longer be able to register on the platform, and asset transfer from the Binance platform will cease. The company has also discontinued its fiat and crypto deposit services.
"We advise users to promptly close positions, withdraw assets, and manage their assets on the platform," the statement said.following compliance concerns. The exchange officially launched the day before the news was announced. At the time, Binance said there would be no ongoing revenue split from the sale, and its founder, Changpeng Zhao, denied that he owned the exchange.
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