How important are 'Russian users' to mainstream CEXs in data comparison?

October 21: MEXC announced yesterday that it would stop providing services to users in Russia and Belarus, causing its platform token MX to drop by about 15% at one point and sparking heated community discussion.

According to TradingBeats data, among mainstream trading platforms, Russia is the largest source of traffic for Bybit, HTX, and MEXC, accounting for 23.94%, 13.76%, and 10.53%, respectively.

On the largest platform, Binance, traffic from Russia ranks only third from the bottom, accounting for 1.54%.

U.S.-compliant trading platforms Coinbase and Kraken have the smallest shares of Russian traffic, at only 0.24% and 0.16%.