MEXC exits Russia and Belarus markets

Cryptocurrency exchange MEXC is ceasing operations with users from Russia and Belarus.

Consensus

• MEXC has stopped serving users from Russia and Belarus.
• MEXC's decision is related to regulatory compliance.

Points of divergence

• MEXC has a daily trading volume of $900 million. — kommersant
• This is at least the second major exchange to leave Russia in a week, following Bitget. — tg_mosguru
• MEXC is exiting Russia and stopping user service. — tg_moscash

Coverage (3 sources)

• Cryptocurrency exchange MEXC with $900 million daily turnover announces exit from Russia — Коммерсантъ
• Cryptocurrency exchange MEXC stops working with users from Russia and Belarus. — Первый Московский
• Cryptocurrency exchange MEXC leaves Russia and stops servicing users — Московский кэш

Key entities

• Russia
• Belarus
• MEXC
• Bitget
• MEXC Crypto Exchange