(MENAFN- AzerNews) Cryptocurrency exchange CommEX will suspend its operations from March 25, 2024, and as of May 10, the official online page will cease to function, the trading platform said in a post on its online page, Azernews reports, mentioning TASS. .
In September 2023, Binance announced its withdrawal from Russia and the sale of its Russian operations to CommEX.
“We regret to inform you that due to strategic adjustments, the CommEX platform will begin postponing part of the facility as of March 25, 2024, and will close all access to the online page on May 10, 2024,” reads the post on the platform’s online page.
Starting March 25, CommEX will shut down Binance’s new user registration and asset movement, and will also prevent accepting deposits in fiat currencies and cryptocurrencies.
On March 28, the exchange will prevent opening positions on SimpleFutures and Futures Trading. Users will only be able to close positions and not open new ones.
On April 2, the site will prevent the publication of new classified ads on the P2P marketplace. Users will also not be able to create new orders to buy cryptocurrency. On April 5, all P2P orders and classified ads will close. On April 18, all undeniable and old futures trading pairs will be automatically closed. Users are requested to close all open positions in advance until the automatic end through the system.
On April 23, CommEX will close the spot market. Users will not be able to place orders and all open orders will be automatically cancelled through the system. The conversion feature will also be disabled. On May 10, the official online page will be shut down and users will no longer be able to access content similar to CommEX. User accounts on CommEX that have assets after May 10, 2024 will be subject to an asset control payment equal to 1% of assets, measured through a snapshot of user balances on the day the platform is closed. “We advise users to temporarily close their positions and withdraw their assets to third-party wallets, with a specific focus on security,” the platform said. .
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