MEXC Ventures: Bitget and MEXC exits from Russia are a response to EU sanctions
- —Bitget barred users in Russia, Belarus and Kazakhstan under updated terms on Oct. 16, 2026
- —MEXC announced on Oct. 20 it would end service for users in Russia and Belarus
- —MEXC hired a chief compliance officer in July and adopted World-Check screening
- —MEXC proof-of-reserves: BTC 294%, USDT 122%, USDC 115%, ETH 111% of liabilities
Why it matters: The exits show compliance and licensing, not trading volume alone, are becoming the main benchmark for exchange competitiveness.
Source: TokenPost