P2P cryptocurrency trading in Russia has been and remains one of the most active in the world. The local market is distinguished by two factors: the popularity of mining, where mined coins need to be transferred to fiat, as well as the use of cryptocurrencies for cross-border transfers in the context of economic sanctions. 

Binance, the flagship service in the crypto market, has also made its significant contribution. A user-friendly interface, a variety of trading tools, and active marketing attracted many Russian traders to the site.

However, at the beginning of 2024, the exchange stopped operating in the Russian Federation and completely left this market. How has this affected P2P trading volumes on Binance? Let's find out in this article.

Binance: Still at the forefront of the crypto market

After Binance left the Russian market, the exchange still maintains its status as an industry leader, including in the P2P segment. To check this, we analyzed the volume of offers in the green “Buy” glass. #binance #StartInvestingInCrypto $BNB