MEXC ends services for Russia and Belarus users

MEXC will end services for Russia and Belarus users, notifying affected customers about deadlines to close positions and withdraw assets. Others can continue trading. The move aims to meet global compliance.

MEXC has announced it will discontinue services for users in Russia and Belarus to enhance global regulatory compliance and align with international standards. Affected customers will receive individual notifications detailing timelines and procedures for closing open positions and withdrawing assets, ensuring a smooth transition. Users who do not receive such notifications can continue using the platform under existing terms. MEXC has assured that customer funds will remain secure throughout the process and encourages users to contact support for assistance if needed. The decision comes amid increasing regulatory actions in the EU and other regions, though no specific sanction or rule was cited as the direct cause. The exchange also cautioned users to beware of phishing attempts and to rely solely on official communication channels for updates.