Binance, a key player in the cryptocurrency market, has made the decision to exit the Russian market and sell to CommEX. This move will result in the discontinuation of all services related to the Russian Ruble (RUB) in early February 2024.
This development has significant implications for users with RUB assets on the platform. Binance is taking steps to provide clear guidelines for navigating this transition seamlessly, ensuring that users are well-informed about the changes.
As of January 30, 2024, Binance’s spot trading services will delist all existing RUB spot trading pairs, including popular ones like BTC/RUB and USDT/RUB. Any open spot orders tied to these pairs will be automatically closed, aligning with the cessation of trading in these markets.
In addition to this, Binance Convert and Binance Pay will delist all RUB trading pairs and exclude RUB from the list of supported fiat currencies, effective January 30, 2024. This comprehensive overhaul ensures that RUB will no longer be integrated into these services.
The deadline for fiat withdrawals in RUB is set for January 31, 2024, at 00:00 UTC. Binance Fiat will support fiat withdrawals until this time, and users are urged to take advantage of this window to secure their funds seamlessly.
Lastly, Binance’s P2P trading will delist all RUB trading pairs on January 31, 2024, at 00:00 UTC, marking the conclusion of RUB-related trading activities on the platform. It is important for users to be aware of these changes and take any necessary actions before the specified deadlines.
