CommEX, the company that acquired Binance’s Russian operations, anticipates approximately a million customers to transition to its platform, Russian media Kommersant reported Wednesday, Oct. 4.
However, not all of Binance’s Russian customers will likely migrate to CommEx. According to Dmitry Stepanin, CEO of Satoshkin, pointed out to Kommersant that crypto traders primarily turned to the ByBit exchange, which has shown significant marketing activity recently. Other exchanges such as Huobi, Bitget, Kucoin, and Gand ate.io, offering similar functionality to Binance, are also expected to see a surge in user inflow. This observation is corroborated by the P2P service Army, which has reported a steady increase in active ads for other crypto exchanges.
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