Binance to stop processing transfers involving MEXC after US sanctions

Binance to halt transfers linked to MEXC

Binance said it will stop processing transactions that involve MEXC and organisations connected to it, according to a report by Bits.media published on 10 November 2026. The report describes Binance as the world's largest cryptocurrency exchange by trading volume.

MEXC came under U.S. sanctions a day earlier, the same report said. Bits.media did not name the authority that imposed the measures, and it did not describe what they cover.

What the report leaves open

The report gave no reason from Binance for the decision and did not say whether the two events are connected. It also did not specify which transactions or services are affected, or when the change takes effect.

Neither exchange's statement was included in the report. It is not known whether MEXC has responded to the sanctions or to Binance's announcement.

Sanctions imposed by the United States generally bar U.S. persons and companies from doing business with the designated party. The report did not say which parts of MEXC's business the measures target, or whether other exchanges plan similar steps.