Top Binance execs in Russia leave as firm considers exiting the market

Gleb Kostarev, head of Eastern Europe and Russia at Binance, posted on Facebook on Sept. 6. Announce It left Binance.

In a Russian-language statement, Kostarev said today was the last day of his long-term job at Binance, adding:

“I am resigning from my position as vice president responsible for Eastern Europe, CIS, Turkey, Australia and New Zealand. I also resigned from Asia Pacific a few months ago.”

The executive thanked Binance CEO Changpeng Zhao and co-founder He Yi for all the opportunities.

He added: “Thank you to all the local initiatives teams for their hard work and amazing campaigns at the local level.”

Cryptocurrency exchange Binance is facing major regulatory challenges related to sanctions as the platform is losing two key executives related to the Russian market.

Afterwards, Vladimir Smerkis, general manager of Binance Russia and CIS Announce The same goes for his departure at Facebook.

“Nearly two years have passed in the blink of an eye, and starting tomorrow, I no longer work at Binance,” the executive wrote.

This is a developing story and more information will be added as it becomes available.

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