Divestiture • Information Technology

CommEX Acquires Binance - Russia business

On September 27, 2023, CommEX acquired information technology company Binance - Russia business from Binance

Acquisition Context
  • This is CommEX’s 1st transaction in the Information Technology sector.
  • This is CommEX’s 1st transaction in Russia.

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M&A Deal Summary

Date September 27, 2023
Target Binance - Russia business
Sector Information Technology
Buyer(s) CommEX
Sellers(s) Binance
Deal Type Divestiture

Target Company

Binance - Russia business

Russia
Binance's Russia business provides a financial product suite all exchange services and business lines. Binance's Russia business is based in Russia.
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Buyer Overview 1

Buyer

CommEX

Dubai, United Arab Emirates

Category Company
Sector Information Technology
DESCRIPTION

CommEX is a cryptocurrency exchange provides a wide range of product suite including Spot, Futures, Simple Futures and P2P service to engage with the world of cyptocurrency. CommEX is based in Dubai, United Arab Emirates.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
Country: Russia 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Binance

Dublin, Ireland

Category Company
Sector Information Technology
DESCRIPTION

Binance is a blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. Binance is based in Dublin, Ireland


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
Country: Russia 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Sakura Exchange BitCoin

Tokyo, Japan

Sakura Exchange BitCoin is a crypto exchange service provider that offers consultation services in addition to its brokerage service. It currently supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY, and COT/JPY. Sakura Exchange BitCoin is based in Tokyo, Japan.

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