Overview
- KuCoin announced on Oct. 29, 2026 that it was ending all products and services for customers located in Russia and Belarus, effective immediately.
- The exchange will send individualized account notices with deadlines and step-by-step instructions to close positions and withdraw assets rather than publishing a single withdrawal date.
- KuCoin cited “applicable legal and regulatory requirements” but did not name a specific regulator, order, or the number and value of affected accounts.
- The move follows similar October actions by Bitget and MEXC and raises practical risks for users who may face forced liquidations, poor trade fills, limited market liquidity, and increased phishing attempts during the wind-down.
- KuCoin is a large platform with roughly 45 million users and about $1.2 billion in daily trading volume and has prior U.S. enforcement history after its operating company Peken Global pleaded guilty in 2025 and agreed to a multi‑hundred million dollar settlement.