Binance stops supporting roubles for P2P transfers
The largest crypto exchange system Binance will stop supporting P2P exchange of cryptocurrencies for Russians from 31 January 2024. At the same time, the Russians still can circumvent the restrictions.
Source: Binance
In particular, Russian users will no longer be able to make peer-to-peer exchanges on the following currency pairs: USDT/RUB, BTC/RUB, FDUSD/RUB, BNB/RUB, ETH/RUB, BUSD/RUB and RUB/RUB P2P.
As noted, the final support for rouble trading will take place at the end of January 2024, but Russians can still trade cryptocurrency on the CommEX exchange, to which Binance is selling all of its Russian business. Binance has developed a process for transferring the assets of the Russians to a new exchange.
Background:
- Cryptocurrency exchange system Binance has announced that it would stop supporting deposits in Russian rubles from 15 November.
- Binance also announced that it had entered into an agreement to sell its entire Russian business to CommEX.
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