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© Reuters.
NEW YORK – Binance, the world’s leading cryptocurrency exchange, announced its decision to delist 15 Russian (RUB) trading pairs, including those with , ADA and SOL. The move is expected to take effect on November 20, as the company turns away from the Russian market due to security concerns and low liquidity.
The announcement, made earlier today, follows Binance’s strategy to comply with international regulatory standards and aligns with its recent agreement to sell its Russia-based operations to CommEX. Noah Perlman highlighted that the importance of compliance was a key factor in Binance’s decision to withdraw from the Russian market.
Following this news, immediate market reactions were seen with XRP suffering a 5% decline, ADA a 6% decline, and SOL a sharp 10% decline. Despite these short-term market corrections, investor sentiment toward the Web3 industry remains optimistic. Experts continue to forecast significant growth for cryptocurrencies, with predictions such as SOL potentially reaching a price of $1,000.
For those looking to better understand future ADA movements, Binance has made available an informative video resource aimed at cryptocurrency enthusiasts. As the exchange looks toward global markets that further support the growth of the Web3 industry, it remains to be seen how this strategic pivot will influence the broader cryptocurrency landscape.
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