Binance Stays Connected with Russian Users
- Despite Binance announcing its exit from the Russian market in 2023, it continues to support a small number of Russian users. This is done to ensure the security of its digital assets. Binance is committed to complying with international sanctions, but still maintains a presence in the Russian crypto landscape.
- One way Binance stays connected is through its Russian-language Telegram channel with over 130,000 subscribers. The channel continues to provide updates on new tokens and platform updates, keeping Russian crypto users enthusiastic.
- Despite visits from Russian users dropping 43% between August 2023 and July 2024, Russia still accounts for 6% of Binanceâs total site traffic. This shows the strong connection between Binance and Russian crypto enthusiasts.
- Following the announcement, Binance sold its Russian operations to a new exchange called CommEx. However, CommEx closed in April 2024, leaving questions about Binanceâs true involvement.
- Binanceâs future in Russia remains uncertain. Despite its focus on compliance, its presence through traffic and Telegram shows that Russia remains important. Binanceâs role in the Russian crypto space is far from over. đ
