Bybit stays open to Russians after Bitget and MEXC restrictions

MEXC token plunged 15 % right after the exchange began cutting off users from Russia and Belarus. Bitget gave clients from Russia and Kazakhstan five days to close positions and withdraw funds.

Bybit is not on the updated restricted-countries list of 16 October and has made no moves to block Russian accounts. Analyst Ilya Samotolkov confirmed that MEXC is already sending withdrawal instructions to registered emails.

The company runs a separate EU entity licensed under MiCA by Austria’s FMA, with its own app and servers inside the bloc. The global platform continues to serve users outside Europe, including Russia.

Russia accounts for nearly 24 % of Bybit traffic — the highest share among major exchanges. Samotolkov believes the platform will keep serving this audience rather than lose the business.

Based on information from cryptonews.net