CommEX, a cryptocurrency exchange, agreed to acquire the Russia business of Binance, a blockchain ecosystem and cryptocurrency infrastructure provider. Financial terms were not disclosed. "As we look toward the future, we recognise that operating in Russia is not compatible with Binance's compliance strategy. We remain confident in the long-term growth of the web3 industry around the world and will focus our energy on the 100+ other countries in which we operate," Noah Perlman, Binance Chief Compliance Officer.