TL;DR:
- MEXC appointed Vugar Usi Zade as its new CEO and declared that obtaining a MiCA license in the EU is its top strategic priority.
- The exchange reports daily trading volumes of around $2.2 billion and ranks among the top three in CryptoQuant’s Exchange Leader Index.
- Usi Zade announced the expansion of the zero-fee trading model and access to multiple asset classes from a single platform.
MEXC appointed Vugar Usi Zade as its new chief executive officer, in line with the exchange’s strategic shift toward global regulatory expansion and the strengthening of its value proposition for retail users. Usi Zade, who joined the company in late 2025 as chief operating officer after holding the same role at Bitget, takes the helm at a moment of rapid growth for the platform.
In a public letter addressed to the community, the new CEO identified two structural problems that, in his assessment, affect the sector: exchanges tend to prioritize institutional investors at the expense of everyday users, and traders are forced to operate across multiple platforms to access different asset classes. MEXC’s response to that diagnosis is a zero-fee model combined on a single platform to access the crypto world, prediction markets, equities and commodities from one account.
The MiCA License is a Priority for MEXC
Usi Zade confirmed that obtaining a license under the MiCA framework of the European Union represents “the top strategic priority” for the company. The CEO noted that MEXC is actively preparing the establishment of a fully regulated business entity within the bloc.
Dutch authorities flagged the platform in September 2025 for operating in the Netherlands without the required authorization, placing it in the non-compliant category before European regulators. The race for MiCA licenses has grown increasingly competitive; Binance, the world’s largest exchange, filed for its authorization in Greece in January of this year.
A Silent Rise
The numbers support the growth story Usi Zade presents. According to CoinGecko, MEXC records daily trading volumes of approximately $2.2 billion. The analytics platform CryptoQuant ranked it among the top three exchanges in its Exchange Leader Index, alongside Binance and Gate, also highlighting it as one of the fastest-growing platforms. The exchange has also established significant partnerships, including an audit collaboration with blockchain security firm Hacken and a backing of The Open Network.
