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Russian clients of Binance, following its exit from the region, are shifting to various platforms for crypto trading. However, it is emerging that CommEX, the company that acquired Binance’s Russian business, isn’t a preferred choice for many clients . Thus far, peer-to-peer (P2P) operations have fallen by between 10 and 30%, as noted by Satoshkin CEO Dmitry Stepanin. You might also like: CommEX, platform that acquires Binance Russia, will offer services in Crimea At the start of 2023, Binance had around 7,700 daily ruble P2P transaction ads according to P2P.Army data. By mid-year, this dropped to 6,300, and by the end of September, it was down to 3,400. As of October 3, there was no data available for ruble transactions on Binance. Many crypto traders have shifted to Bybit, mainly due to its active marketing efforts, while other exchanges similar to Binance, such as Huobi, Bitget, Kucoin, and Gate.io, have also seen increased activity. P2P.Army data shows that...

Crypto P2P users in Nigeria worry over using various platforms to launder funds as the country's central bank cracks down on bank accounts that receive a share of Flutterwave’s rumored stolen funds. Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. According to local news sources, on February 19, 2023, Albert Onimole, legal counsel for Flutterwave, a Nigerian fintech company, allegedly reported a case to the Deputy Commissioner of Police, in Yaba, Lagos, of almost $6.5 million (3 billion nairas) that had been illegally transferred from the accounts of his client. On February 27th, a motion ex-parte was filed and granted in support of Flutterwave's claims. According to the motio...