Binance, a major player in the cryptocurrency market, is bidding farewell to the Russian market. As part of its exit strategy and sale to CommEX, the platform is set to discontinue all services related to the Russian Ruble (RUB) in early February 2024.
This decision holds significant implications for users with RUB assets on the platform, prompting Binance to provide clear guidelines for navigating this transition seamlessly.
On 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.
Additionally, 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 move signifies a comprehensive overhaul, ensuring that RUB will no longer be integrated into these services.
Deadline for Fiat Withdrawals
For users looking to withdraw RUB directly, Binance Fiat will support fiat withdrawals until January 31, 2024, at 00:00 UTC. According to the crypto exchange, users must 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. This marks the conclusion of RUB-related trading activities on the platform.
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