Crypto exchange MEXC ends service for users in Russia and Belarus
In short
The crypto exchange MEXC announced on 20 October that it is ending service for users from Russia and Belarus, citing compliance with international regulatory requirements. Affected users will get individual notices with deadlines for closing positions and withdrawing assets, and the company said assets are safe.
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The crypto exchange MEXC announced on 20 October that it is ending service for users from Russia and Belarus. Vedomosti cited a statement on the company's official website: "As part of ongoing efforts to improve compliance with international regulatory requirements, Mexc has decided to stop providing services to users from Russia and Belarus." TASS and vc.ru reported that MEXC said user assets remain safe. [ 1 , 3 , 5 ]
Affected users will receive individual notices with the timing and procedure for closing trading positions and withdrawing assets, according to 3DNews, Kommersant and Vedomosti. Vedomosti and 3DNews wrote that no single end date was named and that users who have not received a notice can keep using the platform on the previous terms. According to 3DNews, MEXC said on X that instructions will be sent to the email address given at registration and through in-app notifications, and that users with questions about account status should contact support. [ 2 , 4 , 5 ]
3DNews wrote that the announcement did not say which regulatory requirements, sanctions or licensing limits lay behind the decision, and did not give the number of affected accounts. It added that MEXC's user agreement, updated on 13 October 2026, lists Russia and Belarus as prohibited jurisdictions and bars residents of them. MEXC also warned users that it never asks for payments, credentials, seed phrases or asset transfers through private messages. [ 2 , 5 ]
Kommersant said MEXC was founded in 2018 and ranks ninth on Coinmarketcap, with daily trading volume of about $900 million, and was popular with Russian clients. Both Kommersant and Vedomosti placed the move after Bitget, which restricted users from Russia, Belarus and Kazakhstan. Kommersant said Bitget announced its exit on 16 October and gave clients until 21 October to withdraw funds. Vedomosti said Bitget restricted service on 17 October; under its updated user agreement, clients could not open new positions from 18 October and had to close existing ones and withdraw assets by 21 October. [ 3 , 4 , 5 ]
Why it matters
Kommersant described MEXC as popular with Russian clients and as another large crypto platform to restrict work with Russian users after Bitget. The documents do not say how many accounts are affected.
Key facts
- MEXC announced on 20 October that it is ending service for users from Russia and Belarus. [ 1 , 2 , 3 , 4 , 5 ]
- Affected users will receive individual notices with deadlines for closing positions and withdrawing assets. [ 2 , 4 , 5 ]
- MEXC said it made the decision as part of ongoing work to improve compliance with regulatory requirements; it said client assets remain safe. [ 1 , 3 , 4 , 5 ]
- No single date for ending trading or withdrawals has been set; users who have not received a notice can keep using the platform on the previous terms. [ 2 , 5 ]
- MEXC's user agreement, updated on 13 October 2026, lists Russia and Belarus as prohibited jurisdictions. [ 2 ]
- Kommersant said MEXC was founded in 2018 and ranks ninth on Coinmarketcap, with daily trading volume of about $900 million. [ 4 ]
Confirmed by several sources
- MEXC announced it is ending service for users from Russia and Belarus. [ 1 , 2 , 3 , 4 , 5 ]
- MEXC said user assets remain safe. [ 1 , 2 , 3 , 4 , 5 ]
- Affected users will receive individual notices about the timing of closing positions and withdrawing assets. [ 2 , 4 , 5 ]
- Users who have not received a notice can continue using the platform on the previous terms, and no single end date was named. [ 2 , 5 ]
- The exchange Bitget announced restrictions on users from Russia, Belarus and Kazakhstan shortly before MEXC. [ 4 , 5 ]
Still unclear
- Which regulatory requirements, sanctions or licensing limits led to the decision. 3DNews wrote that MEXC's announcement did not say; MEXC referred only to compliance with regulatory requirements.
- How many accounts are affected. 3DNews wrote that MEXC did not disclose the number.
- The exact deadline for MEXC users to close positions and withdraw assets. Deadlines are to be sent to each user individually; no common date was given.
- The date of Bitget's announcement. Kommersant said Bitget announced its exit on 16 October; Vedomosti said it restricted service on 17 October.
What local media are saying
Timeline, local time
- TASS published the report that MEXC is ending service for users from Russia and Belarus. [ 1 ]
- 3DNews published its report on the announcement. [ 2 ]
- vc.ru published its report, linking the move to Bitget's earlier one. [ 3 ]
- Kommersant published its report. [ 4 ]
- Vedomosti published its report, citing a statement on MEXC's official website. [ 5 ]