VASPCheck

VASP Compliance Summary — MEXC

MEXC Global Ltd · Exchange · Seychelles

Exported 2026-08-25

Data reviewed 2026-07-28

Overview

Compliance snapshot

Overall regulatory statusNot licensed

EU MiCA statusNo EU authorization

No EU CASP authorization and no major-jurisdiction financial licence
Listed on several national regulator warning lists
Trustpilot 2.7/5 · 3,100 reviews
Elevated volume of user withdrawal and account-freeze complaints

High concern

Offshore venue with no meaningful financial licence in major jurisdictions, repeated regulator warnings and weak public disclosure.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Seychelles	Financial Services Authority FSA · https://fsaseychelles.sc/regulated-entities	Company registration (no VASP licence)	Not licensed	IBC-238811	2019-01-22
Australia	Australian Transaction Reports and Analysis Centre AUSTRAC · https://www.austrac.gov.au/business/registers	Digital currency exchange registration	Registered	DCE100788-001	2022-10-19
European Union	National competent authorities NCA · https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica	MiCA CASP authorization	Not licensed	—	—

Reputation

Reputation scores

Trustpilot-style score2.7 / 5

Reviews3,100

App Store4.0

Google Play3.3

12-month trenddown

Press sentiment (12m)+1 / ~3 / −6

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-07-01	Reuters	Regulator adds exchange to warning list A European authority cautioned residents about the unauthorised platform.	Negative
2026-04-21	CoinDesk	Users report frozen accounts after policy change The venue cited risk controls; several complaints remained unresolved.	Negative
2026-01-09	Bloomberg	Listing volume raises market quality questions Analysts noted a high rate of low-liquidity token listings.	Negative
2025-10-28	Financial Times	Offshore venues face tighter access in Europe Payment providers restricted service to unauthorised exchanges.	Neutral

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2025-06-18	Enforcement	—	National regulator ordered the platform to stop soliciting local residents.
2024-02-15	Enforcement	—	Added to a supervisory warning list for unauthorised investment services.
2023-08-09	Outage	—	Withdrawals suspended for approximately eight hours during a wallet migration.

Profile

Key facts

Founded2018

Websitemexc.com

Fiat currenciesUSD (P2P), EUR (P2P), TRY

Proof of reservesPartial

Custody modelOmnibus wallets, limited public disclosure

Legal entitiesMEXC Global Ltd (SC) · MEXC Pty Ltd (AU)

MEXC

Not licensedNo EU authorizationESMA register

MEXC Global Ltd

Exchange🇸🇨 Seychelles Founded 2018mexc.com

Visit website

Last reviewed

2026-07-28

Compliance snapshot

No EU CASP authorization and no major-jurisdiction financial licence
Listed on several national regulator warning lists
Trustpilot 2.7/5 · 3,100 reviews
Elevated volume of user withdrawal and account-freeze complaints

Overall concern

High concern

Offshore venue with no meaningful financial licence in major jurisdictions, repeated regulator warnings and weak public disclosure.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇸🇨 Seychelles	Financial Services AuthorityFSA	Company registration (no VASP licence)	Not licensed	IBC-238811	2019-01-22
🇦🇺 Australia	Australian Transaction Reports and Analysis CentreAUSTRAC	Digital currency exchange registration	Registered	DCE100788-001	2022-10-19
🇪🇺 European Union	National competent authoritiesNCA	MiCA CASP authorization	Not licensed	—	—

🇸🇨 Seychelles
Not licensed
Company registration (no VASP licence)
Financial Services AuthorityFSA
IBC-2388112019-01-22
Verify at source
🇦🇺 Australia
Registered
Digital currency exchange registration
Australian Transaction Reports and Analysis CentreAUSTRAC
DCE100788-0012022-10-19
Verify at source
🇪🇺 European Union
Not licensed
MiCA CASP authorization
National competent authoritiesNCA
——
Verify at source

User signals

Reputation

Trustpilot-style score

2.7/ 5

2.7

3,100 reviews

Declining (12m)

App ratings

App Store: 4.0
Google Play: 3.3

Press sentiment (12m)

Positive1

Neutral3

Negative6

Media

Recent press

2026-07-01
Regulator adds exchange to warning listNegative
Reuters — A European authority cautioned residents about the unauthorised platform.
2026-04-21
Users report frozen accounts after policy changeNegative
CoinDesk — The venue cited risk controls; several complaints remained unresolved.
2026-01-09
Listing volume raises market quality questionsNegative
Bloomberg — Analysts noted a high rate of low-liquidity token listings.
2025-10-28
Offshore venues face tighter access in EuropeNeutral
Financial Times — Payment providers restricted service to unauthorised exchanges.

History

Incidents & enforcement

2025-06-18Enforcement
National regulator ordered the platform to stop soliciting local residents.
2024-02-15Enforcement
Added to a supervisory warning list for unauthorised investment services.
2023-08-09Outage
Withdrawals suspended for approximately eight hours during a wallet migration.