Binance asked users from Russia to close positions by December 29th. The crypto exchange has sent out the latest reminders to Russian clients about the need to migrate their accounts and withdraw funds. The official Binance support service of the RBC-Crypto editors confirmed the authenticity of the letters.

The exchange warns that starting from December 29, 2023, all open positions will be gradually closed. The Binance team asks Russians to pay off all outstanding obligations, close all positions and withdraw funds to the CommEX exchange or any other crypto platform without restrictions.

Binance leaves Russia. Why did this happen and what should users do?


Technical support explained that letters about closing positions are sent to those whose “location is temporarily or permanently determined on the territory of the Russian Federation.”

Binance announced its departure from Russia on September 27, 2023. At the same time, the exchange announced that it had entered into an agreement to sell its entire Russian business to CommEX.