TL;DR
- Partnership: Our agreement with MEXC now extends from the Netherlands to France. MEXC is referring its French clients to Kraken.
- Regulatory footprint: We’ve held MiCA authorization through the Central Bank of Ireland (CBI) since June 2025. We also hold a MiFID authorization from the Cyprus Securities and Exchange Commission (CySEC) for derivatives and various financial instruments as well as e-money authorization from the CBI.
- What referred clients get: More than 600 crypto assets, more than 1,000 tokenized assets, EUR fiat rails and quarterly independently verified Proof of Reserves.
- Transition support: Kraken and MEXC will support affected clients so the move happens with minimal disruption.
We’re expanding our partnership with MEXC to France. MEXC is referring its French clients to us as it winds down its French operations. The agreement builds on the one announced for the Netherlands.
Our regulatory standing in Europe
Kraken has held MiCA authorization through the CBI since June 2025. A MiFID authorization from CySEC covers derivatives, and an e-money authorization from the CBI covers e-money services. Few platforms in Europe hold both MiCA and MiFID authorization, so clients can reach spot trading and financial instruments in one place.
What this means for referred clients
MEXC clients in France move to a platform that is authorized and regulated under several EU frameworks. Kraken supports more than 600 crypto assets, more than 1,000 tokenized assets, perpetual futures and EUR fiat rails. Every quarter we publish a Proof of Reserves that an independent party has verified. MEXC will also support clients through the transition.
How to move to Kraken
- Open the migration link
- Complete Kraken’s KYC, which includes a short knowledge test. MEXC clients are priority-queued, with a target of under 24 hours. Use the same email address you used at MEXC. Trading financial instruments is subject to passing eligibility requirements.
- Move your funds from MEXC to your Kraken account. Supported assets transfer as they are. Assets Kraken doesn’t list can be swapped to USDC first.
Investment services, ancillary services and investment activities (the “Services”) in relation to financial instruments are provided and carried out by Payward Europe Digital Solutions (CY) Limited (ex I.F. Greenfields Wealth Ltd) (“PEDSL-CY”). PEDSL-CY is authorised and approved by the Cyprus Securities and Exchange Commission (CySEC) for the provision of the Services with licence number 342/17. PEDSL-CY is registered in Cyprus with registered number HE 356603 and registered office at Athalassas, 62, MEZZANINE, Strovolos 2012, Nicosia, Cyprus. See Risk Disclosures here.
These materials are for general information purposes only and are not investment or financial product advice or a recommendation or solicitation to buy or sell financial instruments or to engage in any specific trading strategy. The unpredictable nature of the financial markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your investment and you should seek independent advice on your taxation position. Geographic restrictions may apply.
Not investment advice. Crypto trading involves risk of loss. Payward Ireland Limited (PIL) and Payward Europe Solutions Limited (PESL), trading as Kraken, are regulated by the Central Bank of Ireland. E-money services are provided by PIL and spot trading services are provided by PESL.
