Exchange MEXC says it will stop serving clients from Belarus and Russia

Cryptocurrency exchange MEXC has said it will stop providing services to users from Belarus and Russia. Affected clients will have to close their trading positions and withdraw their cryptocurrency.

The Russian outlet life.ru writes that the exchange intends to stop serving some users from the two countries.

The platform's website says it will no longer serve users in Belarus and Russia. It is a major exchange: it has operated since 2018, ranks ninth on Coinmarketcap, and its daily trading volume is estimated at roughly $900 million.

The shutdowns will not happen all at once: the changes will not hit every account immediately, and the restrictions are being introduced gradually. The exchange has not set a single date for ending trading or withdrawals for all users.

Those affected by the restrictions are promised individual notifications. According to the exchange, if no notification has arrived, the account is not yet affected, and the platform can be used as usual as long as the user agreement is observed.

As privately owned Belarusian outlets operating in the country report, the notifications will state the deadlines for closing positions and withdrawing assets.

Another exchange, Bitget, named its deadlines in advance. A few days ago it announced that it is ending work with clients from Belarus, Russia and Kazakhstan. According to the platform's official notice, new trades cannot be opened and subscriptions cannot be purchased from 18 October, and funds must be withdrawn by 21 October. MEXC is thus the second major exchange in a matter of days to announce restrictions for users from Belarus.

Bitget's updated user agreement, as Forbes writes, strictly prohibits using a VPN to get around the restrictions.

The procedure is as the exchange itself describes it: a user affected by the restrictions receives an individual notification with the deadlines and the procedure for closing positions and withdrawing assets, and should act according to it.

MEXC explains the decision by its work to improve its regulatory compliance system at the global level and by the need to meet international requirements. life.ru gives the same explanation. It is not yet known which specific regulatory requirements led to the end of service for users from Belarus and Russia.

Access to cryptocurrency exchange websites in Belarus had been restricted before. In December 2025, the Ministry of Information decided to restrict access to six foreign cryptocurrency exchange websites. According to the State Inspectorate for Electrical Communications, the blocked sites included Bybit, OKX, BingX and Bitget.

MEXC assures users that the assets of all users remain safe.

The exchange also warned of possible fraudulent messages. According to it, it does not ask in private messages for passwords, seed phrases, cryptocurrency transfers or payments to withdraw funds. Information about the restrictions, the company said, should be checked only on the exchange's official website, in its app and on its verified channels.