MEXC To Exit Russia And Belarus In Compliance Push

Crypto exchange MEXC has announced plans to discontinue services for users located in Russia and Belarus, according to CryptoNews. Affected customers will receive individual instructions for closing trading positions and withdrawing their assets.

The exchange has not published a common withdrawal deadline or disclosed the exact number of affected accounts. In an announcement on October 20, MEXC attributed the decision to global compliance efforts and stated that users who have not received a termination notice can continue trading under existing terms of service.

Withdrawal Instructions and Security

The exchange has not established a public deadline for completing withdrawals or closing positions. Instead, account holders subject to restrictions will receive notices explaining applicable procedures and timelines. MEXC stated that customer assets remain protected during the process and advised users to rely on official channels while warning against phishing attempts.

Prior Restrictions and Industry Context

The October announcement follows trading limitations introduced earlier in the year. On May 15, MEXC announced restrictions on selected futures pairs for customers in Russia, Ukraine, Armenia, and Belarus, which took effect on May 18. The latest service update covers a broader exit for Russia and Belarus, while Ukraine and Armenia were not named in the update.

The decision aligns with broader compliance adjustments across the industry. Bitget updated its restricted-jurisdiction list on October 16 to include Russia and Belarus, subsequently notifying affected customers to close positions and withdraw funds.

Key facts

• MEXC is discontinuing services for users in Russia and Belarus.
• Affected customers will receive individual instructions for position closures and withdrawals.
• The exchange previously restricted selected futures pairs in both countries in May.
• Bitget implemented similar geographic restrictions in mid-October.