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Sanctioned Russian Crypto Exchange Garantex May Change Its Name to Grinex

Sanctioned Russian Crypto Exchange Garantex May Change Its Name to Grinex

CointimeCointime2025/03/24 17:11
By:Cointime

latest report from the Swiss blockchain analysis company Global Ledger shows that the sanctioned Russian cryptocurrency exchange Garantex has been renamed to Grinex, and a large amount of on-chain and off-chain data indicates that Grinex is the direct successor of Garantex. Some of Garantex's liquidity, including the ruble-backed stablecoin held by Garantex, has been transferred to wallets controlled by Grinex. Grinex has grown rapidly in recent weeks, with trading volume exceeding $40 million in just two weeks.

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