KuCoin Ceases Services for Users in Russia and Belarus

Centralized cryptocurrency exchange KuCoin announced an immediate termination of all services for users in Russia and Belarus ¹. The platform cited compliance with applicable legal and regulatory requirements as the driver behind the restriction ¹.

The shutdown spans the exchange's entire product suite, cutting off access to trading, product offerings, and platform features for clients in the affected jurisdictions ¹. KuCoin stated that it is organizing an offboarding procedure intended to allow impacted customers to close out active market positions and withdraw remaining balances ¹.

Offboarding Timeline and Account Procedures

Users subject to the regional exit will receive account notifications detailing step-by-step instructions and specific operational deadlines ¹. Accounts that do not receive the formal notice require no action and remain operational, subject to the venue's standard terms of use ¹. The company advised users to conduct account-related operations only through verified communication channels to prevent phishing attempts during the transition ¹.

The policy change arrives amid ongoing international regulatory scrutiny on cross-border crypto infrastructure. KuCoin did not disclose individual sanction regimes or specific regulatory frameworks in its announcement, but emphasized that regulatory alignment remains central to its operational mandate ¹.