Europe’s post-MiCA shopper migration now has its first clearly signposted route: MEXC has beneficial 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 directions and timelines, in accordance with the announcement.
“Partnering with Bybit represents an essential step in making certain 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 will be passported throughout the EEA. Bybit EU’s accredited companies embrace custody, crypto-to-fiat and crypto-to-crypto alternate, putting crypto-assets and switch companies.
ESMA has recognized two primary routes for purchasers of unauthorised suppliers: transferring their property 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 beneficial vacation spot.Nonetheless, the offboarding at present applies solely to clients 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 by new, independently opened accounts.
A Named Vacation spot and Signal-Up Incentives
Different licensed exchanges have reported receiving clients 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 offered the figures, and no unbiased, market-wide breakdown was out there.
MEXC, against this, has publicly chosen Bybit EU as its beneficial various. Eligible new clients can obtain €30 in Bitcoin after topping up at the very 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 ultimate offboarding date for purchasers within the Netherlands is 16 November 2026.
