MEXC appointed Vugar Usi as CEO on Wednesday, elevating the chief because the alternate steps up its push for world licensing, together with underneath the European Union’s Markets in Crypto-Property Regulation (MiCA) framework.
MEXC stated Usi joined the corporate as chief working officer in late 2025 after beforehand serving in the identical place at rival alternate Bitget.
In his new position, Usi stated MEXC plans to protect its low-fee buying and selling focus whereas increasing broader multi-asset entry on the platform.
The CEO informed Cointelegraph that MEXC is actively pursuing licensing alternatives globally, together with a MiCA license within the EU.
MEXC’s adjustments come alongside a broader model replace, highlighting an industry-wide shift towards “all the pieces alternate” fashions amid rising competitors from decentralized rivals.
MiCA license a “prime strategic precedence”
Working throughout a number of areas worldwide, MEXC “persistently maintains an in depth watch” on the worldwide regulatory panorama, Usi informed Cointelegraph.
“The MiCA license utility is a prime strategic precedence for the corporate,” he stated, including that the corporate is engaged in proactive preparations to determine a completely compliant enterprise entity throughout the EU.
MEXC didn’t present extra particulars on its MiCA licensing plans. The corporate is at the moment labeled non-compliant by European regulators after Dutch authorities flagged the platform in September 2025 for offering crypto providers within the Netherlands with out holding the required license.
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Some main exchanges are nonetheless working by way of Europe’s MiCA course of, exhibiting how aggressive and politically delicate the licensing race has turn into. Binance, the world’s largest alternate by reported quantity, utilized for a MiCA license in Greece in January.
MEXC posts fast progress in crypto market
Based in April 2018, MEXC has emerged as one of many fastest-growing CEXs globally, with reported every day buying and selling volumes of round $2.2 billion, in keeping with CoinGecko.
Crypto analytics platform CryptoQuant named MEXC as one of many prime three exchanges in its Change Chief Index alongside Binance and Gate, with the alternate additionally rating amongst these with the strongest progress alongside Gate and Coinbase.
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The corporate has scored main partnerships, together with an auditing collaboration with the blockchain safety platform Hacken. MEXC additionally carefully collaborated with The Open Community (TON), which secured funding from its enterprise arm, MEXC Ventures, in late 2023.
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