Cryptocurrency exchange KuCoin has stopped serving users in Russia and Belarus, becoming the third major trading platform this month to announce such restrictions, RBC Crypto reported Thursday.

The decision covers all products and services offered by the exchange and follows similar moves by Bitget and MEXC.

KuCoin cited regulatory compliance in announcing its withdrawal. The platform said it would allow affected customers to close their trading positions and withdraw their assets.

Affected users will receive individual notices outlining deadlines and instructions for withdrawing funds. Those who do not receive a notice do not need to take any action, the exchange…