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Cryptocurrency exchange Binance to exit Russia

World’s largest crypto marketplace sells local business to a venue that launched on Tuesday
Crypto exchanges such as Binance have become the primary means for hundreds of thousands of Russians who left the country following its invasion of Ukraine to move money back and forth

Binance, the world’s biggest cryptocurrency exchange, is exiting Russia by selling its business in the country to a venue that launched only a day ago.

Binance on Wednesday said it intends to cease all exchange services and business operations in the country over the coming months and would sell the assets for an undisclosed sum to CommEX.

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