Binance Will Stop Ruble Transactions by End of the Month

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In December, Binance announced that it will stop processing Russian ruble transactions by the end of January, in compliance with Western sanctions policies.

Users from Russia are advised to transfer their funds to the CommEX platform, launched in response to Binance leaving the country.

The exchange administration reiterated their call for users to withdraw their funds to a supported platform through official partners.

On February 1, any remaining ruble funds on Binance will be automatically converted to FDUSD stablecoins. On January 30, all trading pairs using the Russian ruble will be removed from the exchange’s listing.