MEXC Refers French Clients to Kraken as Its EU Retreat Widens

MEXC will refer eligible French customers to Kraken, extending a transition arrangement the two crypto exchanges previously used in the Netherlands.London's trading industry is coming home!The Kraken announcement follows MEXC’s October 28 notice that it would gradually stop serving users linked to France.

MEXC attributed the decision to regulatory alignment.

The referral does not automatically move customer accounts, balances or trading positions, according to the announcement.

French users choosing Kraken will need to open a separate account, complete KYC procedures and transfer their assets themselves.Kraken’s crypto services in France are provided by Payward Europe Solutions Limited, which is authorised under MiCA in Ireland and listed by the AMF as permitted to serve French clients.

Trading Restrictions Begin in November MEXC has divided affected customers into four groups based on their account and identity verification information.

The first group enters the wind-down process on November 18, 2026, followed by others on December 10, December 31 and January 22, 2027.

Once an account enters wind-down mode, the customer cannot open or increase positions, make new spot purchases or deposit additional funds.

Existing positions can still be reduced or closed, liabilities repaid and assets withdrawn.

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