The exchange explained the decision by "strengthened compliance with global regulatory requirements" and maintaining operational stability. MEXC did not name a specific sanctions measure, regulator's order, or investigation.
What is known about the mechanics of the exit: affected clients will receive individual notifications with deadlines for closing positions and withdrawing assets. Accounts that did not receive a notification continue to operate as usual. MEXC stated that client funds are safe during the transition process.
What the exchange did NOT disclose: how many users are under restrictions, the value of their assets, and whether the bans will affect spot and derivatives simultaneously (trading in futures and other derivative instruments).
MEXC separately warned about scammers who write on behalf of the exchange at such moments. Officially, it never asks for passwords, seed phrases (a secret phrase for accessing a wallet), payments, or cryptocurrency transfers in private messages.
This is not the first narrowing of geography: on September 29, MEXC announced a phased closure of services in the Netherlands, citing regulation of the European Economic Area. In the list of prohibited jurisdictions updated on October 21 - the US, Canada, the UK, Singapore, and a number of other markets.
A week earlier, Bitget took the same path: on October 16, it updated its list of prohibited jurisdictions, and from October 18, according to The Moscow Times, it began restricting the opening of new trades for affected accounts, promising further limits.
For a trader, this is a practical infrastructure question: access to the platform where you trade now depends not on your deposit, but on your legal address. The regulatory map is fragmenting, and the list of available exchanges continues to shrink.
Moving your deposit to a new exchange again?
A familiar cycle: a notification, an urgent withdrawal, a search for a platform that accepts you. And each time the same small deposit moves - changing the account doesn't change its size. In prop trading, the company gives you the trading nominal: you pass a challenge and work with its account under its risk rules. Infrastructure and access to markets are the company's concern; your part is trading. Understanding how this works is calmer now than on the day of the next letter from the exchange.