MEXC to End Services in the Netherlands in Four Phases Amid European Regulatory Developments
Key Facts
MEXC said it would end services for users linked to the Netherlands, citing “regulatory developments in the European Economic Area,” according to a notice published on 29 September 2026. The platform said accounts would be closed in four batches and that affected users had been emailed the date assigned to each account. The decision covers customers in the Netherlands, according to the notice, which did not announce an end to services in other European countries. MEXC set 31 October 2026 as the date for completing the closure of accounts in the fourth batch. Before then, it advised users in that batch to withdraw their assets by 23 October, with restrictions set to begin on 24 October.
Once restrictions begin, users in the fourth batch will no longer have access to spot trading or peer-to-peer trading, according to details from MEXC. The platform also said open spot orders would be cancelled. Changes related to peer-to-peer trading include delisting the local currency and removing active advertisements. These measures place withdrawal deadlines and restrictions before the deadline for completing account closures, making the batch dates directly relevant to users’ ability to trade and withdraw their assets through the platform. MEXC emailed each affected user their assigned date under the four-batch schedule.
MEXC said supported assets remaining after account closures are completed will be transferred to a regulated custodian, while unsupported assets will be converted to USDC before transfer. The platform did not name the custodian or specify how customers would access their assets after the transfer in its notice, saying details would be published in a separate statement. It also confirmed that accounts and assets would not be transferred automatically to Bybit EU, Kraken or any other trading platform. Users who choose to move to another provider must complete the account-opening procedures and arrange the transfer themselves, according to MEXC. The notice therefore sets out a route for remaining assets but leaves access details until a later announcement.
The closure follows a warning issued by the Dutch Authority for the Financial Markets on 24 September 2025, saying MEXC Global was providing crypto-asset services in the Netherlands without the required licence. The authority added that the location of the entity providing the services was unclear. The services it identified included custody of customer assets, exchanging crypto-assets for money or other crypto-assets, transmitting orders and operating a trading platform. The authority began accepting licence applications and notifications from crypto-asset service providers on 22 April 2024, and said approved licences or notifications could be used from 30 December 2024. For providers that had been operating under the national regime before that date, the authority referred to a transitional period and said they were expected to obtain a MiCA licence or notification by 30 June 2025 to continue operating during it.