According to data released by the Russian cryptocurrency exchange CommEX, its P2P daily trading volume has reached 90 million rubles since its launch, with over 200,000 users, and P2P trading volume has increased by 460% in the past month. (Forklog)

Previously, Binance had reached an agreement with CommEX to sell all of its business in Russia. To ensure a smooth transition for existing Russian users, the termination process will last for one year.

Binance will stop accepting Ruble (RUB) deposits on November 15, 2023 at 00:00 UTC (08:00 Beijing time). Ruble withdrawals will continue until January 31, 2024 at 00:00 UTC (08:00 Beijing time).

Users holding legal Ruble balances can transfer funds to the CommEX platform for free, register or log in to a CommEX account, and link their corresponding Binance account. After the connection is completed, users can transfer Rubles from Binance to CommEX. In addition, users can withdraw Rubles through Binance's fiat currency partners before the deadline, exchange Rubles for cryptocurrencies on Binance Convert, or exchange Rubles for cryptocurrencies on Binance's spot market.