In light of ongoing speculation and rumors in the crypto community, CommEX, the organization that recently acquired the Russian branch of Binance, has come forward with an open letter to provide clarity on its relationship with Binance. The company firmly emphasized that, while they cannot publicly disclose the identity of their Ultimate Beneficial Owner at this time, they operate independently and are not under Binance’s umbrella.
Further adding depth to the story, it’s important to highlight that the past six months have been transformative for CommEX. The platform underwent a rigorous development process, which interestingly, saw the collaboration of several ex-Binance professionals. These collaborations, while noteworthy, do not imply any direct ties between the two entities. CommEX aims to carve its own niche in the market while ensuring that BNB holders continue to enjoy certain benefits and privileges on their platform.
For readers who are keen on diving deeper into this narrative and understanding the intricacies, the complete open letter is accessible here. It serves as an official testament to CommEX’s commitment to transparency and their endeavor to set the record straight in these dynamic crypto markets.
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