However, there are certain restrictions in place. Users must complete identity verification, enable two-factor authentication, and connect a Telegram bot to place ads for buying or selling cryptocurrencies. Moreover, they need to have at least 20 successful transactions with ten different trading partners, with an order execution rate exceeding 80% in the last 30 days.
CommEX aims to attract Russian users by supporting Russian rubles for deposits and withdrawals and expanding the range of cryptocurrencies that can be transferred from Binance without fees. Meanwhile, Binance announced its discontinuation of ruble transactions after January 31, citing the risk of international sanctions. There are speculations that CommEX will maintain close ties with Binance’s management.