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News/Regulation
Regulation▼ Bearish● Important

Binance Pauses MEXC Transfers After US Regulator Cuts Off Exchange

TradingGain NewsroomTradingGain Newsroom··10 Nov 2026, 12:13 UTC

Binance will reject withdrawals sent to MEXC and hold deposits coming from it for review. The move follows a US Treasury action, as FinCEN tied MEXC to $16 billion in suspicious flows and cut it off from the US financial system. Traders using MEXC or moving funds between exchanges may face delays and tighter scrutiny.

Why it matters

  • Binance is blocking withdrawals to MEXC and holding deposits from it for review.
  • FinCEN linked MEXC to $16 billion in suspicious flows, a sign of heavier regulatory pressure.
  • Being cut off from the US financial system could limit MEXC's access to US banking channels.

What to watch next

Watch whether other exchanges follow Binance's lead and whether FinCEN or MEXC announces further steps.

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗
Binance Pauses MEXC Transfers After US Regulator Cuts Off Exchange
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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.