CommEX reveals its plans and options

The team of the CommEX crypto exchange, which recently acquired Binance’s Russian business, has provided insights into their new platform’s operations. CommEX is a Seychelles-based exchange with a primary focus on the Asian and CIS markets.

To prioritize user safety, CommEX has implemented a withdrawal limit of 2 BTC for those who haven’t completed the verification procedure (known as KYC). The platform’s tech support team emphasizes that KYC is mandatory only for P2P and fiat transactions, underlining their commitment to user privacy and security.

The CommEX team promises to gradually enhance liquidity and expand the range of cryptocurrencies available on their platform. While they haven’t ruled out the possibility of launching their own token, this isn’t currently in their immediate plans. They may consider it in the future, depending on the growth of their community. Right now, their primary focus is on improving the performance and stability of their website.

CommEX is currently in the process of developing a mobile app that will be available on both Android and iOS platforms in the near future.

More comprehensive information about the platform and its market strategy will be disclosed during an upcoming AMA-session. The exact date for this session will be announced through official channels.

Earlier, Binance’s CEO Changpeng Zhao has delivered some positive news for BNB token holders. He mentioned that a 25% discount on trading fees will continue to apply for them on the CommEX platform. Zhao also emphasised that the transition from Binance to CommEX for users will be a systematic process, with a primary emphasis on the security of funds of the clients. For individuals residing in other countries, registration on Binance is available.

With the introduction of CommEX into the crypto market, traders and investors now have another tool for  their operations. The level of success this platform can achieve remains to be seen.