MEXC Appoints Vugar Usi as CEO to Lead EU Regulatory Push

MEXC has appointed Vugar Usi as its new Chief Executive Officer, signaling a strategic shift toward regulatory alignment and global expansion. Usi, who joined the firm as COO in late 2025 after a similar tenure at rival exchange Bitget, will lead the platform's efforts to secure critical licenses across multiple jurisdictions. The appointment comes as the digital asset industry pivots toward "everything exchange" models to compete with the rise of decentralized platforms. A primary objective for the new leadership is obtaining a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation, which Usi has identified as a top strategic priority for the company. This regulatory push follows a September 2025 warning from Dutch authorities, which labeled MEXC non-compliant for providing crypto services in the Netherlands without the required licensing. By establishing a fully compliant business entity within the EU, MEXC aims to mitigate legal risks and expand its institutional appeal. Despite these regulatory hurdles, MEXC remains a high-growth entity. According to CoinGecko, the exchange reports daily trading volumes of approximately $2.2 billion. It has also been recognized by CryptoQuant as one of the top three exchanges in its Exchange Leader Index, alongside Binance and Gate. Under Usi's leadership, the exchange intends to preserve its focus on low-fee trading while expanding access to a broader range of multi-asset offerings. The firm continues to strengthen its ecosystem through auditing collaborations with Hacken and venture investments in The Open Network (TON).