MEXC targets EU MiCA compliance as new CEO takes helm

MEXC appointed Vugar Usi as CEO and outlined plans to expand zero-fee trading and pursue MiCA licensing amid growing industry competition.

MEXC appointed Vugar Usi as CEO on Wednesday, elevating the executive as the exchange steps up its push for global licensing, including under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.

MEXC said Usi joined the company as chief operating officer in late 2025 after previously serving in the same position at rival exchange Bitget.

In his new role, Usi said MEXC plans to preserve its low-fee trading focus while expanding broader multi-asset access on the platform.

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