Europe’s post-MiCA shopper migration now has its first clearly signposted route: MEXC has advisable MiCAR-authorised Bybit EU to Dutch prospects earlier than ending companies within the Netherlands.
The association doesn’t switch buyer accounts or belongings between the exchanges. Dutch customers selecting Bybit EU should register, full its identification checks and transfer their crypto themselves. MEXC will contact affected prospects with directions and timelines, in accordance with the announcement.
“Partnering with Bybit represents an necessary step in guaranteeing a safe, compliant, and seamless transition for our customers,” stated Robert MacDonald, Chief Compliance Officer at MEXC.
He cited Bybit’s regulatory framework and user-protection measures as causes for the advice.
MiCA Licence Offers the Handover Route
MEXC doesn’t seem in ESMA’s newest register of authorised crypto-asset service suppliers. It due to this fact lacks the MiCA authorisation required to supply regulated crypto-asset companies throughout the EEA after the relevant transition interval.
A MiCA authorisation granted in a single EU nation could be passported throughout the EEA. Bybit EU’s authorized companies embody custody, crypto-to-fiat and crypto-to-crypto trade, putting crypto-assets and switch companies.
ESMA has recognized two predominant routes for patrons of unauthorised suppliers: transferring their belongings to an authorised CASP, the place one is recognized, or shifting them to a self-hosted pockets.
The MEXC association follows the primary route by naming Bybit EU because the advisable vacation spot.Nonetheless, the offboarding at present applies solely to prospects within the Netherlands.
Bybit EU has held a CASP authorisation from Austria’s Monetary Market Authority since Might 2025. Entry to its world platform is being restricted, whereas the individually authorised Bybit EU entity continues serving the area via new, independently opened accounts.
A Named Vacation spot and Signal-Up Incentives
Different licensed exchanges have reported receiving prospects from departing rivals with out formal referral agreements.
In August, OKX Europe CEO Erald Ghoos informed Finance Magnates that inflows from Binance-linked accounts had risen greater than eightfold. OKX supplied the figures, and no impartial, market-wide breakdown was accessible.
MEXC, in contrast, has publicly chosen Bybit EU as its advisable various. Eligible new prospects can obtain €30 in Bitcoin after topping up no less than €100 inside seven days, a seven-day VIP 1 trial with preferential charges and a Bybit Card bundle value as much as €120.
Affected customers are inspired to maneuver their belongings by 31 October. MEXC’s closing offboarding date for patrons within the Netherlands is 16 November 2026.
This text was written by Tanya Chepkova at www.financemagnates.com.
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