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Binance Crypto Firm’s Successor in Russia Announces Closure

A recently established crypto exchange that took over the Russian operations of Binance, the world’s largest exchange, announced Monday it will begin shutting down over the next month and a half. “CommEX platform has decided to begin suspending some services starting from March 25, 2024, and will completely shut down the official website on May 10,” it said in a statement. “We advise users to promptly close positions, withdraw assets and manage their assets on the platform,” CommEX said. CommEX, which launched in September, had bought Binance’s Russian operations for an undisclosed sum followi…