Binance P2P has announced the discontinuation of Russian Ruble (RUB) trading pairs, including notable pairs such as USDT/RUB and BTC/RUB, effective January 31, 2024, 00:00 (UTC). This strategic move comes in the wake of Binance’s sale of its Russian operations to CommEX.
In light of this change, users seeking to engage in peer-to-peer (P2P) trading involving the Russian Ruble can smoothly transition to the CommEX platform. To make this process seamless, users can register or log into a CommEX account and link it to their respective Binance accounts. Subsequently, they can transfer their assets to CommEX and continue P2P trading with RUB without incurring additional charges.
To facilitate this transition, Binance offers alternative options for users. They can opt to withdraw their Russian Rubles through Binance’s fiat partners before the specified discontinuation date, leverage Binance Convert to convert RUB into cryptocurrencies, or engage in trading Russian Rubles for cryptocurrencies on the Binance Spot market.
This decision reflects Binance’s strategic realignment following the sale of its Russian operations, ensuring a smooth experience for users transitioning to CommEX for their P2P trading needs.