Binance, one of the largest cryptocurrency exchanges in the world, continues to provide services to users in Russia, despite announcing its full exit from the country in 2023. The exchange explains this decision by emphasizing the need to ensure the security of clients’ digital assets, while also stating that it complies with all international sanctions and restrictions related to individuals and organizations on sanctioned lists.

A Binance representative told Cointelegraph that the exchange strictly adheres to global sanctions regulations and fully complies with international laws targeting individuals and countries under sanctions.

The Importance of the Russian Market for Binance

According to SimilarWeb, Russia is one of the top three sources of traffic for Binance, highlighting the significant role the Russian market plays for the exchange. Despite the restrictions, Binance continues to find ways to serve Russian users, ensuring the protection of their assets.

Binance’s decision to continue operations in Russia has raised questions about the exchange’s strategy in the face of geopolitical instability and sanction pressures. However, the exchange continues to seek a balance between international regulations and the interests of its users.

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