# MEXC to Offboard Dutch Users, Recommends Bybit as MiCAR-Compliant Alternative MEXC recommends Bybit before terminating services in the Netherlands. - **Source:** [CryptoCurrency – Finance Magnates | Financial and business news](https://brifing.si/source/b5a2ce51-ec8e-4702-886b-778de5971605) - **Published:** 2026-08-25 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/d5569e89-e1a3-4ddd-9938-2a3778dc1dcf ## MEXC's Exit from the Netherlands MEXC announced it will offboard Dutch users by November 16, 2026, due to non-compliance with MiCAR regulations. Users must transfer their assets to Bybit. The transition won't be automatic; users need to open new accounts on Bybit and complete identity verification. MEXC will provide instructions to users regarding the process. ## Bybit's European Presence Bybit obtained CASP authorization from Austria's Financial Market Authority in May 2025, gaining the right to operate in the EU market. While access to its global platform is restricted, a separate entity called Bybit EU will continue serving the region. Bybit offers crypto-fiat and crypto-crypto transactions, custody, and transfer services. ## Impact of MiCAR The EU's Markets in Crypto-Assets Regulation (MiCAR) came into force in 2024 and will be fully implemented by 2026. The regulation mandates the authorization of crypto asset service providers. MEXC, not appearing on ESMA's list of authorized providers, had to withdraw from the Netherlands. A MiCAR license is valid across all EU countries. ## Options for Users ESMA identified two main paths for customers of unauthorized providers: transferring assets to an authorized CASP or moving them to a self-custody wallet. MEXC officially recommended Bybit, choosing the first option. However, users must transfer their assets by October 31, 2026. ## Other Market Transitions Other licensed exchanges are also attracting users leaving platforms due to regulations. OKX Europe CEO Erald Ghoos revealed in August that inflows from Binance-linked accounts increased eightfold. However, platforms without formal referral agreements like MEXC don't recommend specific alternatives to their users. ## Bybit's Incentive Package Bybit offers various incentives for users transitioning from MEXC. New users will receive €30 worth of Bitcoin after depositing at least €100 within 7 days. Additionally, a 7-day VIP 1 trial and a Bybit Card package worth €120 are offered. These incentives aim to facilitate user migration to the platform. ## Regulatory Wave in Crypto Markets The EU's MiCAR regulations mark a significant turning point in the global crypto market. The regulations aim to enhance user protections and ensure market stability. However, this process has led many global exchanges to exit the EU market or alter their business models. MiCAR could serve as a model for other regions. ## Critical Dates for Users There are two important dates for Dutch MEXC users: October 31, 2026, is the deadline for transferring assets to Bybit; November 16, 2026, is when MEXC will completely terminate services in the Netherlands. Users must not miss these dates and should complete the process on time. Otherwise, access to their assets may be cut off. ## Sources covering this story - https://www.financemagnates.com/cryptocurrency/exchange/mexc-to-offboard-dutch-users-recommends-bybit-as-micar-compliant-alternative/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._