MEXC Appoints Vugar Usi as New CEO for Compliance Push

MEXC, a leading cryptocurrency exchange known for its zero-fee trading model, has appointed Vugar Usi as its new chief executive officer, marking a strategic shift toward global regulatory compliance and expansion into multi-asset trading platforms. The announcement, timed with the company's eighth anniversary, underscores efforts to transform MEXC into a comprehensive gateway for cryptocurrencies, tokenized equities, commodities, and prediction markets, serving over 40 million users across 170 countries.

Usi, who joined MEXC as chief operating officer in late 2025 after holding the same role at rival exchange Bitget, assumes leadership amid rapid growth and regulatory pressures. Under his guidance, the exchange aims to maintain its retail-focused ethos while pursuing licenses worldwide, with a top priority on the European Union's Markets in Crypto-Assets (MiCA) regulation. "MiCA licensing is a top strategic priority," Usi stated in recent interviews, noting that MEXC is preparing to establish a fully compliant entity in the EU to ensure ongoing access for European users.

This pivot builds on MEXC's reputation for low-cost trading, which returned an estimated $1.1 billion to...