MEXC Plans Service Wind-Down in Russia and Belarus

MEXC plans to discontinue services for users in Russia and Belarus, with affected customers set to receive individual instructions for closing positions and withdrawing assets. The exchange announced the plan on October 20, saying users who receive an official notice will be given steps and a timetable specific to their accounts. MEXC said users who have not received a notice may continue using the platform under its existing terms. The announcement does not set a common deadline for all affected accounts or specify when the overall wind-down will be complete. The number of accounts involved has not been disclosed. The exchange described the decision as part of its global compliance efforts. Its reported notice did not name a specific regulator, rule, sanctions designation or licensing decision behind the plan. MEXC directed affected users to follow the instructions in their individual notifications for closing open positions and withdrawing their assets. The October plan expands on a narrower restriction MEXC introduced in May 2026, when it limited the opening of new positions on selected futures pairs for users in Russia and Belarus. That measure concerned particular...