Overview
- MEXC announced on Tuesday, August 25, 2026 that it will wind down services for customers in the Netherlands and has told users to migrate to Bybit EU ahead of a full exit scheduled for October 23, 2026.
- The Netherlands Authority for the Financial Markets flagged MEXC in September 2025 for operating without MiCA authorisation, and the EU transition deadline of July 1, 2026 closed national markets to exchanges lacking CASP registration.
- Bybit EU holds a MiCA/CASP licence from Austria’s FMA granted in May 2025, which lets it accept customers across the European Economic Area and is the reason MEXC singled it out as a recommended alternative.
- Dutch users must move their own funds and complete new identity verification when they open accounts on an authorised exchange, a process that may involve withdrawals, re‑KYC and different fees or interfaces.
- The case illustrates a broader shift in Europe where exchanges that secured MiCA authorisation—such as Bybit EU, Kraken, Bitvavo and OKX—are set to capture customers from non‑authorised platforms, reshaping market competition and consumer choice.