News Explorer — Bybit, OKX Follow Binance and Remove Russian Banks Under Sanctions From Their Payment Options

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Aug 28, 10:43 am

Cointelegraph

Bybit, OKX Follow Binance and Remove Russian Banks Under Sanctions From Their Payment Options

Two major crypto exchanges, Bybit and OKX, have excluded Russian banks under international financial sanctions from their payment options, following Binance's lead. Tinkoff Bank and Sberbank are no longer available for peer-to-peer P2P transactions on these platforms. While no official announcements have been made, OKX still allows users to receive fiat through the Russian branch of Raiffeisen Bank and the Russian Standard Bank, which are not under US sanctions.

Two major crypto exchanges, Bybit and OKX, have excluded Russian banks under international financial sanctions from their payment options, following Binance's lead. Tinkoff Bank and Sberbank are no longer available for peer-to-peer P2P transactions on these platforms. While no official announcements have been made, OKX still allows users to receive fiat through the Russian branch of Raiffeisen Bank and the Russian Standard Bank, which are not under US sanctions.

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