Some insights on Binance and CommEx

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diamond_2020Legendary
Posts: 1256 · Reputation: 6502
#1Dec 1, 2023, 05:21 AM
So, there's gonna be crypto transfers happening between Binance and CommEx as users move their funds around. Plus, there are some earlier transactions from when they were testing the integrations. Totally expected, right? A few former members of the Binance CIS team might have joined CommEx, or they’re already onboard. I see that as a positive move. The layout, APIs, and stuff like that are quite similar to what Binance has. We specifically requested this to help keep things smooth for users. Just a heads up, CommEx doesn’t accept US or EU users. They’ve got IP and KYC restrictions in place. This was part of our agreement. By the way, I’m not their ultimate beneficial owner, nor do I have any shares in CommEx. And no buyback options involved in this deal. If you google it, you’ll find some companies like Mercedes, McDonald's, Nissan have buyback options in their Russian exit deals, but that’s not how this one works. I’m thinking we’ll hear more about this exchange soon. For now, I’ll keep this post from CZ.
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