MEXC Sets France Wind-Down as CEO Targets Top Three or Four Global Platforms

MEXC will begin restricting France-linked accounts Nov. 17, 2026, in a four-stage wind-down that ends with a March 2027 withdrawal cutoff and adds France to the exchange’s recent service pullbacks.

The first group faces restrictions Nov. 17, 2026, at 6 p.m. ET (11 p.m. UTC). Additional groups are scheduled for Dec. 9 and Dec. 30, 2026, and Jan. 21, 2027, each at 6 p.m. ET (11 p.m. UTC). MEXC uses know-your-customer records and account information to identify France-linked users.

Once a user’s scheduled restrictions begin, they cannot deposit, open a position or add to one. They may reduce existing positions, adjust margin, repay loans and withdraw assets. New account registrations in France have been unavailable since Oct. 28.

Remaining positions are scheduled for automatic closure Jan. 21, 2027, at 6 p.m. ET (11 p.m. UTC). Accounts move to withdrawal-only mode Jan. 24, 2027, at 6 p.m. ET (11 p.m. UTC). Withdrawals close March 4, 2027, at 6 p.m. ET (11 p.m. UTC). Assets left after the cutoff are to be transferred to a regulated custodian; MEXC plans to announce the custodian and claims process separately.

MEXC described the wind-down as part of its “ongoing regulatory alignment” but did not identify a specific French regulatory action as the trigger. Separately, France’s Autorité des Marchés Financiers (AMF), the country’s financial markets regulator, listed MEXC’s website in 2024, saying it offered financial services or products without authorization. The current notice does not connect that earlier listing to the France plan.

The France plan follows MEXC’s Sept. 29, 2026, announcement of a Netherlands wind-down, which cited regulatory developments in the European Economic Area. On Oct. 20, 2026, the exchange announced plans to discontinue services for users in Russia and Belarus as part of its global compliance efforts. MEXC’s Russia and Belarus service plan gives affected users individual timelines rather than a shared cutoff.

MEXC CEO Vugar Usi Zade has described the company’s direction as an “everything exchange” spanning asset classes. His stated ambition is for MEXC to reach a top-three-or-four global ranking within two years.