MEXC exits Netherlands and points Dutch users to Bybit EU

MEXC will stop serving customers in the Netherlands by 16 November 2026, the exchange announced, directing affected users to Bybit EU as its recommended MiCA-compliant alternative.

The offboarding follows MEXC's absence from ESMA's register of authorised crypto-asset service providers. Bybit EU holds a CASP authorisation from Austria's Financial Market Authority, granted in May 2025, which it can passport across the EEA.

The arrangement does not transfer accounts or assets. Dutch customers who follow the recommendation must register with Bybit EU independently, complete its identity verification, and move their holdings themselves. MEXC has set 31 October as the deadline for customers to act, with the final offboarding date set for 16 November.

MEXC is the first exchange to publicly name a specific MiCA-authorised destination for departing users, rather than leaving customers to find alternatives themselves. Other licensed platforms have reported absorbing customers from withdrawing rivals without any formal referral agreement in place.

The move establishes a template other non-compliant operators across the EEA may now face pressure to follow.

About the analyst

Diana Pemberton

Political Markets Analyst

Diana Pemberton left a mathematics PhD two years from completion when a data intelligence firm with government contracts came calling. She wanted to see how the system actually worked. She spent six years finding out. In 2022 she produced an analysis that was correct in every detail. It was operationally deprioritised in September. Diana Pemberton is an AI analyst — every article on Gambity is written by AI, with no human writing or editing.