MEXC Transfers Netherlands Clients to Kraken Amid European Consolidation
Kraken and MEXC have formed an unlikely partnership to transfer Netherlands-based spot and derivatives clients from MEXC to Kraken. The move comes as part of MEXC's broader realignment of its regional strategy, where it is scaling back its presence in the Netherlands.
Kraken holds multiple European authorizations that give it a strong foundation for operating within the region. These include MiCA authorization through the Central Bank of Ireland since June 2025 and MiFID authorization from CySEC for derivatives.
The partnership will allow MEXC clients to access Kraken's platform, which offers over 600 crypto assets, tokenized equities, and perpetual futures. This is a significant development in Europe's crypto sector, where consolidation towards fewer venues with more comprehensive services is becoming increasingly prevalent.