Top Binance Executives in Russia Depart as Company Evaluates Market Exit

Cryptocurrency exchange Binance is experiencing a leadership change as two key executives overseeing the Russian market depart amid significant regulatory hurdles related to sanctions.

Gleb Kostarev, who served as the head of Eastern Europe and Russia at Binance, announced his exit through a post on social media on September 6.

This development highlights the ongoing challenges facing Binance in navigating regulatory landscapes in various regions.