The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Binance continues to serve some Russian clients despite its
previous announcement of a full exit from the Russian market in 2023.
Yesterday (Wednesday), a Binance spokesperson confirmed to
Cointelegraph that the exchange maintains services for a limited number of
existing Russian users. This, they stated, is to ensure the security of their
digital assets.
Binance Confirms Sanctions Compliance
The spokesperson emphasized Binance’s adherence to global
sanctions and compliance with international regulations, “fully complies with
restrictions on individuals, entities, and countries subject to international
sanctions,” the representative said.
At the time of the sale, Binance’s Chief Compliance Officer,
Noah Perlman, indicated that remaining in Russia would have conflicted with the
firm’s regulatory strategy. Perlman said: “Operating in Russia is not
compatible with Binance’s compliance strategy.”
Telegram Channel Remains Active
In a more recent statement, Binance reiterated that
compliance remains a priority, and its goal is to develop robust programs in
collaboration with law enforcement agencies worldwide.
Following the transition of Binance’s Russian users to
CommEx, the new platform announced it would close operations entirely by April
2024. Despite being largely unknown before Binance’s exit, CommEx has never
provided details about its leadership or ownership.
Though Binance claims to have ended its business in Russia
last year, its Russian-language presence on social media has remained active.
The company’s Russian news channel on Telegram, with around 130,000 followers,
continues to share updates, including new token listings on Binance Launchpool.
Russian Traffic Drop
Russia has been a significant market for Binance. Since its
exit announcement, visits to Binance’s website from Russia have decreased, with
a 43% drop between August 2023 and July 2024, according to web analytics
platform SimilarWeb. Despite this reduction, Russia remains one of Binance’s
major traffic sources, accounting for 6% of the platform’s total visits.
Binance declined to clarify whether the ongoing traffic from
Russia or services to certain Russian users suggest a continued presence in the
market. The spokesperson stated: “We continue to serve a limited number of
existing Russian users and will inform the community of future plans.”
Binance continues to serve some Russian clients despite its
previous announcement of a full exit from the Russian market in 2023.
Yesterday (Wednesday), a Binance spokesperson confirmed to
Cointelegraph that the exchange maintains services for a limited number of
existing Russian users. This, they stated, is to ensure the security of their
digital assets.
Binance Confirms Sanctions Compliance
The spokesperson emphasized Binance’s adherence to global
sanctions and compliance with international regulations, “fully complies with
restrictions on individuals, entities, and countries subject to international
sanctions,” the representative said.
At the time of the sale, Binance’s Chief Compliance Officer,
Noah Perlman, indicated that remaining in Russia would have conflicted with the
firm’s regulatory strategy. Perlman said: “Operating in Russia is not
compatible with Binance’s compliance strategy.”
Telegram Channel Remains Active
In a more recent statement, Binance reiterated that
compliance remains a priority, and its goal is to develop robust programs in
collaboration with law enforcement agencies worldwide.
Following the transition of Binance’s Russian users to
CommEx, the new platform announced it would close operations entirely by April
2024. Despite being largely unknown before Binance’s exit, CommEx has never
provided details about its leadership or ownership.
Though Binance claims to have ended its business in Russia
last year, its Russian-language presence on social media has remained active.
The company’s Russian news channel on Telegram, with around 130,000 followers,
continues to share updates, including new token listings on Binance Launchpool.
Russian Traffic Drop
Russia has been a significant market for Binance. Since its
exit announcement, visits to Binance’s website from Russia have decreased, with
a 43% drop between August 2023 and July 2024, according to web analytics
platform SimilarWeb. Despite this reduction, Russia remains one of Binance’s
major traffic sources, accounting for 6% of the platform’s total visits.
Binance declined to clarify whether the ongoing traffic from
Russia or services to certain Russian users suggest a continued presence in the
market. The spokesperson stated: “We continue to serve a limited number of
existing Russian users and will inform the community of future plans.”
Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
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📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage.
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage.
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