MEXC sets Russia and Belarus exit through individual account notices

MEXC said on 20 October that it would discontinue services for users of Russia or Belarus as part of its compliance programme. Affected customers will receive individual instructions covering the deadline for closing positions and withdrawing assets.[1]

The exchange says accounts without a notification remain unaffected and can continue operating under its terms. Its public statement supplies neither a common exit date nor the number of affected users. It also names no specific regulatory order behind the decision.[1]

A separate Netherlands notice illustrates why the product timetable matters. Customers in its final batch must act before 23:59 UTC on 23 October. Restrictions begin at 00:00 UTC on 24 October, with offboarding completed by 31 October. Existing futures positions, including copy and grid strategies, face automatic closure at the platform’s fair price from 24 October.[2]

The Dutch arrangements also provide for outstanding loans to be settled against collateral from that date, with a 5% handling charge on the borrowed amount settled. Those terms belong to the Netherlands programme; the Russia and Belarus announcement does not adopt them.[2]

For a trading platform, leaving a market requires coordination between customer communications, position management, lending and withdrawals. The practical distinction is between a deadline to stop taking new risk and the process that turns existing positions into withdrawable assets. An account-specific notice therefore needs to explain both, especially where automated strategies or collateralised borrowing remain active.

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