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Crypto exchange MEXC announced its withdrawal from France, marking its fourth country-level market retreat since September.
Crypto exchange MEXC has announced its withdrawal from France, marking its fourth country-level market retreat since September. The exchange notified customers on October 28 that it would gradually cease services for French clients, with plans to automatically close all open trading positions by January 22, 2027, and terminate withdrawals by March 5. Previously, MEXC exited the Netherlands on September 29, and Russia and Belarus on October 20, in response to regulatory developments and global compliance requirements. France's financial regulator, the AMF, blacklisted MEXC in June 2024 for offering unauthorized financial services. Despite MEXC's market exits, its new CEO, Vugar Usi, is pursuing an ambitious global expansion strategy, aiming to shift the platform from memecoin speculation to offering a broader range of trading services, including tokenized stocks, commodities, and prediction markets.
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