The announcement goes on to say that EXMO “decided to sell the digital assets business in Russia and Belarus.” EXMO is also giving up its users in Kazakhstan since the new owner is based there. The structure of the deal is unclear, as EXMO hadn’t been operating as a separate legal entity in Russia. Maria Stankevich, EXMO’s chief business development officer, told CoinDesk that what’s being sold is “around a million users, software, intellectual property and [much] more.”
Crypto Exchange EXMO Exits Russia, Sells User Base There to Unnamed Buyer
