Serving Russian clients is both a risk and opportunity for exchanges: Crypto Moves
Cryptocurrency exchanges Coinbase and Binance reiterated on Friday they do not plan to cut off their Russian clients from using their platforms, even as mainstream finance companies keep their distance.
Ukraine’s Vice Prime Minister Mykhailo Fedorov on Feb. 27 asked crypto exchanges to block the digital wallet addresses of Russian users, effectively stopping them from trading crypto.
“We believe everyone deserves access to basic financial services unless the law says otherwise,” Coinbase CEOBrian Armstrong said in a series of tweets on Friday.
“We are not going to unilaterally freeze millions of innocent users’ accounts,” a spokesperson…