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

BlockBeats news, 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, 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%.

According to data from the Bank of Russia's "Stablecoin Report," as of April this year, Russian crypto investors still mainly use overseas centralized trading platforms. The central bank estimates that Russian residents' average monthly balances on centralized trading platforms were about 720 billion rubles, down 23% from the previous two quarters; during the same period, Russian users' visits to related platforms fell 32% to 56.5 million, and estimated crypto asset fund flows fell 23%.