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The CommEX alternate is experiencing issues with withdrawals via the paper channel

February 21 Cryptocurrency alternate CommEX talked aboutThey skilled short-term difficulties when withdrawing the ruble via the paper channel.

“Card withdrawals work, but the conversion is not very high,” platform representatives defined.

They additionally said that the present state of affairs has nothing to do with the suspension of withdrawals from QIWI Bank, because the alternate didn't work with it.

While the difficulty was being resolved, CommEX clients had been suggested to make use of the P2P market.

As of January 25, all customers are allowed to put up adverts on the inner P2P platform.

In September 2023, CommEX acquired the Russian enterprise of Bitcoin alternate Binance following its resolution to depart the Russian Federation. The migration course of between platforms will take a few 12 months.

Binance itself has utterly stopped ruble transactions since January 31, 2024.

As of January 2024, the variety of CommEX customers exceeds 400,000. About 85% of shoppers are from the Russian Federation.

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