Binance Russian Successor Exchange CommEX Plans to Shut Down

An exchange that took over Binance’s Russia business in September is shutting down.

CommEX said it will proceed to delist the official website and its users will be unable to access any content related to the exchange on May 10. The unwinding is set to begin on Monday with the suspension of new user registration and asset transfer from Binance as well as the deposit services from fiat and cryptocurrency, according to a statement on its website. The exchange didn’t immediately respond to a request for comment.

Binance sold its Russian business to CommEX in September while being investigated ...