I have been using MEXC for a while now and when I log in it says that I should do a KYC before I do spot or future trading. There is no clear answer to questions in the chat.
Uh oh. KYC information from their self help bot has changed!
Yeah, we get 10BTC daily but the important markets are not supported? nice word play if so lol. In any case, MEXC is def switching to mandatory KYC, rip. Well, we all expected this at some point.
But what also surprised me is that Kucoin is specified as the sender for transactions. Could it be that MEXC is a subsidiary of Kucoin and is now also subject to regulation?
Just a guess but they could be getting some liquidity from kucoin 🤔