Bybit and OKX have suspended trading operations with certain sanctioned Russian banks

ChainCatcher news, cryptocurrency exchanges Bybit and OKX will no longer process transactions involving certain sanctioned Russian banking institutions. Currently, OKX has stopped supporting payment services related to Russia's largest state-owned bank Sberbank, the largest private bank Alfa-Bank, and the major payment card issuer Neobank Tinkoff bank cards. Additionally, on the Bybit platform, although Sberbank and Tinkoff have not yet been removed from the list of supported payment methods, their bank cards can no longer be used for transactions.

Previous report, according to sources cited by The Wall Street Journal, Binance is reassessing its Russian operations, including a complete exit from the Russian market. Insiders stated, "All options are on the table, including a complete exit."