Cryptocurrency exchange CommEX has announced its intention to phase out operations; starting March 25, the exchange will stop registering new accounts and transferring assets from Binance, and will not accept new deposits.

Starting April 2, the posting of new advertisements on the P2P marketplace will be stopped, and by April 5, all current P2P orders and advertisements will be automatically closed. All trading pairs on simple and classic futures will be closed on April 18, and the spot market will cease to operate on April 23.

CommEX also warned that, starting May 10, 2024, users' remaining assets will be subject to a management fee of 1% of their volume. Users are advised to close their positions and transfer assets to external wallets as soon as possible.

In September 2023, CommEX acquired the Russian segment of the Bitcoin exchange Binance, which decided to leave the Russian market. The migration process between platforms was expected to take about a year. According to the latest data, the total number of CommEX users exceeds 400,000, with about 85% of them in the Russian Federation.