Regulation· ★★★★· bearish·

OKX, KuCoin and Bybit may exit Russia over sanctions risk, experts say

  • —Russia accounts for 27% of Bybit's traffic — 3.3 million visits in September
  • —OKX and KuCoin hold EU licenses and are paying US DOJ penalties
  • —Precedent: HTX was hit by UK sanctions in May and an EU ban from Aug. 23
  • —Bitget and MEXC stopped serving Russian residents within the past week
Why it matters: A Bybit exit would strip Russians of their main venue, pushing activity toward smaller exchanges and locally licensed services.
Source: BitNovosti
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