ChainCatcher news, according to Cointelegraph, since Binance announced its exit from Russia in September last year, the traffic to its local website has significantly decreased.According to data shared by web analytics platform SimilarWeb, from August 2023 to July 2024, Binance's website traffic in Russia dropped by 43%. Despite this noticeable decline, Russia remains one of the largest sources of traffic for the Binance website during this period, accounting for 6% of its total visits. The traffic share from Russia is comparable to other major markets for Binance, including Turkey and Vietnam, which account for 8% and 6.6% of its total traffic, respectively. Binance declined to disclose whether its significant traffic share in Russia or certain services offered to Russian users indicates that the company is still operating or resuming operations in the market.A Binance spokesperson stated, "We will continue to provide services to a limited number of existing Russian users to ensure the safety of their digital assets." The Binance representative emphasized that the cryptocurrency exchange "complies with global sanctions regulations" and "fully adheres to the restrictions on individuals, entities, and countries that are subject to international sanctions."

ChainCatcher news, according to an official announcement, Binance has reached an agreement to sell its entire Russian business to CommEX. To ensure a smooth exit for existing Russian users, the exit process will last for one year. All assets of existing Russian users will be securely protected."Looking ahead, we recognize that operating in Russia is not aligned with Binance's compliance strategy," said Binance Chief Compliance Officer Noah Perlman. "We remain confident in the long-term development of the Web3 industry globally and will focus our efforts on the other 100+ countries where we operate."Binance and CommEX will work together to inform users how to migrate their assets to CommEX. Part of the KYC registration for new Russian users will be immediately transferred to CommEX and will gradually expand over time. In the coming months, Binance will cease all exchange services and business lines in Russia. Binance will not receive ongoing revenue sharing from this sale, nor will it retain any options to repurchase business shares.It is reported that CommEX is a cryptocurrency platform that officially launched on September 26, and in addition to providing cryptocurrency trading services, CommEX also offers a wide range of cryptocurrency product suites, including spot, futures, simple futures, and P2P services.

ChainCatcher news, according to a report by The Wall Street Journal citing sources, Binance is reassessing its operations in Russia, including a complete exit from the Russian market. Insiders stated, "All options are on the table, including a complete exit."ChainCatcher previously reported that Binance has stopped providing P2P services to sanctioned Russian banks, and Binance P2P no longer lists 5 sanctioned Russian lenders on its website as a method for users to transfer rubles to each other.