Binance cuts off MEXC transfers after US FinCEN designation
Binance is shutting down transfers to rival exchange MEXC, according to a Cointelegraph alert. The move follows a designation handed down by US financial-crimes watchdog FinCEN. It puts a hard stop between two of the biggest venues in crypto trading.
- 2 sources report it: X account @Cointelegraph, crypto.news.
- The source published it on Nov 10, 2026 at 9:02 AM.
Nothing open. Every check passed.
Binance will block transfers to MEXC, Cointelegraph reported, tying the decision directly to a designation by the US Financial Crimes Enforcement Network. The alert landed as a breaking news item on the outlet's X account, with no further detail on scope or timing.
The two exchanges sit among the largest in the industry by trading volume, so a wall between them touches users who move assets from one platform to the other. Cointelegraph's post framed the block as a direct consequence of the FinCEN action rather than an internal Binance policy call.
FinCEN is the US Treasury unit that polices money laundering and financial crime, and its designations can push platforms to sever ties with the target. Neither exchange has publicly detailed how the block will be enforced or when it takes effect, per the outlet's alert.
TopicsBinance · MEXC · FinCEN · Cointelegraph · US Treasury
Written by Paparazzi with AI. Not financial advice.
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