CommEX Denies Binance Ownership in Russian Business Takeover!

The post CommEX Denies Binance Ownership in Russian Business Takeover! appeared first on Coinpedia Fintech News

CommEX, the company that has taken over Binance’s Russian business, has issued a statement clarifying that it is not affiliated with the world’s largest cryptocurrency exchange. Although it cannot disclose the ultimate beneficial owner, the company has made it clear that it doesn’t belong to Binance. CommEX has been working on developing its platform for the past six months with the help of former Binance employees. The company plans to continue offering benefits to Binance Coin (BNB) holders. The move comes after Binance announced earlier this week that it was ending its services in Russia, citing regulatory uncertainty.