MEXC to Offboard Dutch Users, Recommends Bybit as | Crypto Work Pro
Europe’s post-MiCA shopper migration now has its first clearly signposted route: MEXC has advisable MiCAR-authorised Bybit EU to Dutch clients earlier than ending companies within the Netherlands.
The association doesn’t switch buyer accounts or property between the exchanges. Dutch customers selecting Bybit EU should register, full its identification checks and transfer their crypto themselves. MEXC will contact affected clients with instructions and timelines, in accordance to the announcement.
“Partnering with Bybit represents an important step in ensuring a secure, compliant, and seamless transition for our users,” mentioned Robert MacDonald, Chief Compliance Officer at MEXC.
He cited Bybit’s regulatory framework and user-protection measures as causes for the advice.
MiCA Licence Provides the Handover Route
MEXC doesn’t seem in ESMA’s newest register of authorised crypto-asset service suppliers. It subsequently lacks the MiCA authorisation required to present regulated crypto-asset companies throughout the EEA after the relevant transition period.
A MiCA authorisation granted in a single EU nation will be passported throughout the EEA. Bybit EU’s permitted companies embrace custody, crypto-to-fiat and crypto-to-crypto exchange, inserting crypto-assets and switch companies.
ESMA has recognized two major routes for purchasers of unauthorised suppliers: transferring their property to an authorised CASP, the place one is recognized, or transferring them to a self-hosted wallet.
The MEXC association follows the primary route by naming Bybit EU as the advisable vacation spot.However, the offboarding at present applies solely to clients within the Netherlands.
Bybit EU has held a CASP authorisation from Austria’s Financial Market Authority since May 2025. Access to its international platform is being restricted, whereas the individually authorised Bybit EU entity continues serving the area by new, independently opened accounts.
A Named Destination and Sign-Up Incentives
Other licensed exchanges have reported receiving clients from departing rivals with out formal referral agreements.
In August, OKX Europe CEO Erald Ghoos advised Finance Magnates that inflows from Binance-linked accounts had risen more than eightfold. OKX supplied the figures, and no unbiased, market-wide breakdown was accessible.
MEXC, in contrast, has publicly chosen Bybit EU as its advisable various. Eligible new clients can obtain €30 in Bitcoin after topping up no less than €100 within seven days, a seven-day VIP 1 trial with preferential charges and a Bybit Card bundle value up to €120.
Affected customers are inspired to transfer their property by 31 October. MEXC’s closing offboarding date for purchasers within the Netherlands is 16 November 2026.
This article was written by Tanya Chepkova at www.financemagnates.com.
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