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 property between the exchanges. Dutch customers selecting Bybit EU should register, full its id 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 vital 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 Gives 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 offer regulated crypto-asset companies throughout the EEA after the relevant transition interval.
A MiCA authorisation granted in a single EU nation may be passported throughout the EEA. Bybit EU’s permitted companies embody custody, crypto-to-fiat and crypto-to-crypto change, putting crypto-assets and switch companies.
ESMA has recognized two most important routes for patrons of unauthorised suppliers: transferring their property to an authorised CASP, the place one is recognized, or transferring 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 presently 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 international platform is being restricted, whereas the individually authorised Bybit EU entity continues serving the area by means of 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 unbiased, market-wide breakdown was obtainable.
MEXC, in contrast, has publicly chosen Bybit EU as its advisable various. Eligible new prospects can obtain €30 in Bitcoin after topping up at the least €100 inside seven days, a seven-day VIP 1 trial with preferential charges and a Bybit Card package deal price as much as €120.
Affected customers are inspired to maneuver their property 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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