The Largest Cypto Exchange in Eastern Europe Witnessed Belarusian Users Six Fold Increase Amid Binance’s Exit

[ChainDD report] January 13 (ChainDD) Exmo, the largest cryptocurrency exchange in Eastern Europe, found its registered Belarusian user had a six fold increase in December,2018, according to crypto news outlet Let Know. Exmo’s team believed that the flock of traders resulted from Binance’s decision to restrict access to users from many sanctioned countries, including Belarus.

ChainDD noted that in the beginning of last December, Binance officially exit businesses in countries that were recently targeted for the United States’ economic sanctions such as Iran, Belarus, Serbia, Bosnia, Myanmar, and Russia was exempted though it appeared on the sanction list.

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