MEXC
| Company type | Private |
|---|---|
| Industry | Cryptocurrency exchange |
| Founded | 2018 |
| Products | Cryptocurrency trading, derivatives trading |
| Services | Spot trading, futures trading, crypto custody |
| Website | www |
MEXC (formerly MEXC Global) is a centralized cryptocurrency exchange founded in 2018. The platform offers trading services for digital assets, including spot trading, derivatives trading, and other cryptocurrency-related financial products.
The exchange operates internationally and lists a large number of digital tokens for trading. It is considered on of the largest cryptocurrency exchanges.[1][2][3][4] It is not authorized by tier-one financial regulators and primarily operates as an offshore exchange.[5] It has also been the subject of warnings by financial regulators in several jurisdictions regarding licensing and regulatory compliance.[6] It is listing thousands of tokens, but the liquidity for each token tends to be dispersed and shallow.[7]
History
MEXC was founded in 2018 as a digital asset trading platform. The exchange expanded its services to include derivatives trading, leveraged products, and various blockchain investment initiatives. The company later introduced its native platform token MX Token.[8][9]
Ownership and investors
MEXC is a privately held cryptocurrency exchange. Publicly available information about its shareholders, ultimate beneficial owners, and capitalization structure is limited, and the company has not published detailed disclosures about its ownership or equity financing in major financial filings. The group structure is opaque.
Regulatory problems
MEXC has been the subject of warnings by financial regulators in multiple jurisdictions regarding the provision of services without proper authorization.
In October 2023, Germany's financial regulator BaFin warned consumers that the platform may be offering cryptocurrency custody services in Germany without the required license.[1] In 2024, the Securities and Futures Commission of Hong Kong added MEXC to its alert list of suspicious virtual asset trading platforms, stating that it may have been operating without the necessary regulatory authorization. The platform allegedly attracted victims with free financial advice via social media, then directed them to deceptive websites posing as legitimate investment platforms.[10]
Japan’s Financial Services Agency has also issued warnings regarding the platform’s operation without the necessary registration required for cryptocurrency exchanges in the country.[11] Financial authorities in other jurisdictions (including Belgium, Dubai or United Kingdom) have also issued warnings about unlicensed cryptocurrency platforms offering services to local investors.[12][13][14][15][16]
In November 2023, Estonia’s FIU revoked the license of MEXC Estonia, which had previously processed payments for the exchange. The action formed part of a wider regulatory effort to strengthen oversight of virtual asset service providers.[5][17]
References
- ^ a b "Unauthorized crypto custody: BaFin cautions consumers about MEXC". CryptoNews. 19 October 2023. Retrieved 16 March 2026.
- ^ Lang, Hannah. "Crypto exchanges rushed to list Trump's coin - leaving many losers and some big winners". Reuters.
- ^ Crypto assets: Market structures and EU relevance (PDF). European Securities and Markets Authority. 2024-04-10. p. 9. doi:10.2856/328752. ISBN 978-92-95235-13-7.
{{cite book}}: CS1 maint: date and year (link) - ^ "Market Share of Centralized Crypto Exchanges, by Trading Volume". CoinGecko. Retrieved 2026-03-19.
- ^ a b "MEXC Available and Restricted Countries (2026)". www.datawallet.com. Retrieved 2026-03-18.
- ^ "German regulator warns consumers about MEXC crypto custody services". CoinDesk. 19 October 2023. Retrieved 16 March 2026.
- ^ Han, Sanghoon (2026), Price Formation, Order Book Integrity, and Execution Continuity in Virtual Asset Markets, doi:10.2139/ssrn.6006774, retrieved 2026-03-18
- ^ "Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin". www.kucoin.com. Retrieved 2026-03-18.
- ^ Garratt, Rodney; van Oordt, Maarten R.C. (2024). "Crypto Exchange Tokens". SSRN Electronic Journal. doi:10.2139/ssrn.4773455. ISSN 1556-5068.
- ^ Scharfman, Jason (2024), "Crypto Phishing and Spoofing Scams", The Cryptocurrency and Digital Asset Fraud Casebook, Volume II, Cham: Springer Nature Switzerland, pp. 193–219, doi:10.1007/978-3-031-60836-0_7, ISBN 978-3-031-60835-3, retrieved 2026-03-18
{{citation}}: CS1 maint: work parameter with ISBN (link) - ^ "Regulators warn about unregistered crypto exchange operations". IndustryWired. Retrieved 16 March 2026.
- ^ "Regulators warn about unlicensed crypto exchanges". Reuters. Retrieved 16 March 2026.
- ^ "VARA Investor and Marketplace Alert - MEXC Estonia OÜ and MEXC Global LTD [commercially advertising as "MEXC"] - VARA". www.vara.ae. Retrieved 2026-03-16.
- ^ "Mexc Global LTD (www.mexc.com) - Order | FSMA". www.fsma.be. 2024-07-24. Retrieved 2026-03-16.
- ^ "MEXC Global Ltd - https://www.mexc.com/". FCA. 2024-03-22. Retrieved 2026-03-16.
{{cite web}}: External link in|title= - ^ Times, The Brussels. "Financial watchdog orders crypto trading platform to cease illegal activities in Belgium". www.brusselstimes.com. Retrieved 2026-03-18.
- ^ "Breaking: MEXC Estonia Lost Crypto License Over Money-Laundering Issues! | FinTelegram News". 2023-11-17. Archived from the original on 2025-08-12. Retrieved 2026-03-18.