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Zenger
Zenger
Murtuza Merchant

Binance CEO Denies Ownership In CommEx Amid Russia Business Acquisition

When Binance decided to cease operations in Russia, there were murmurs about the nature of the exchange's relationship with CommEx — especially given the similarities in their operational designs. PHOTO BY VADIM ARTYUKHIN/UNSPLASH

Binance CEO Changpeng Zhao has denied owning shares in CommEx, the entity that acquired his company’s Russia business.

Although there are certain operational overlaps, Zhao stated.

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