Binance Comments on Message About Closing Positions

On December 28, some users of the cryptocurrency exchange Binance received letters urging migration of their accounts and withdrawal of funds. Platform representatives told ForkLog that the mailing was sent to a subset of clients.

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\”From December 29, 2023, all open positions will be gradually closed. We ask you to close all open positions, settle all outstanding obligations and <…> withdraw funds to the CommEX exchange or to any other platform without restrictions,\” the letter says.

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Binance users who did not receive the message do not need to take any action, ForkLog’s representatives of the exchange said.

They also reminded that the transfer of the Russian business to the CommEX platform will continue for several months:

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\”All efforts are focused on ensuring a smooth user experience during this transition\”.

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The team will continue to communicate the next steps in site announcements and official notification emails.

As Binance exits Russia, deposits in rubles have been stopped since November 15, and withdrawals will continue until January 31, 2024. From that date the exchange’s P2P platform will stop supporting trading pairs with the ruble.

On November 20, Binance removed ruble trading pairs with the largest cryptocurrencies.

Earlier media reported that the exchange planned to terminate its partnership with the Advcash payment system. According to some reports, the reason is that through this gateway customers moved funds from sanctioned Russian banks.