Russia Still Accounts for 28.6% of Bybit Traffic in June Despite Account Freezes

Similarweb data shows that users from Russia made up 28.6% of all visits to Bybit in June, even as the exchange’s overall traffic fell 8.9% to 10.81 million visits. For PSPs and counterparties touching CIS-linked flows, the detail that matters is less the traffic share and more the growing number of account freeze complaints around funding sources and source-of-funds checks.

1. In June, Russian users generated about 3.09 million visits to Bybit, according to Similarweb. That made Russia the exchange’s biggest traffic source for the month.
2. Bybit’s total traffic fell 8.9% month on month to 10.81 million visits. So while the exchange saw a decline overall, Russian audience share remained unusually high.
3. Users report that Bybit has been freezing accounts after deposits from Capitalist, with those funds often flagged as sanctioned. In practice, that means the funding rail itself can become the problem, not just the account holder.
4. Customers also say that deposits in USDT have become undesirable for exchanges because Tether has closed access to receiving Mica. One affected user was additionally asked for transaction history from the sending wallet and for the source of funds.
5. The trouble is operational, not theoretical: the client supplied all requested documents and still remained stuck. Some users are now looking in chat groups for specialists who can help with account unfreezing for a fee.