Is MEXC Global exchange a formal exchange? What is the ranking of MEXC Global exchange?

Yes, MEXC Global is a formal cryptocurrency exchange. It is registered in several countries, such as the United States (FinCEN), Canada (FINTRAC), Australia (AUSTRAC) and Estonia (FIU). Additionally, MEXC Global is ranked 13th and 15th on CoinMarketCap and Coingecko respectively. (Total 159 characters)

Is MEXC Global a formal exchange?

Answer: Yes, MEXC Global is a formal cryptocurrency exchange.

Detailed explanation:

MEXC Global is a digital asset exchange established in 2018. It operates in several countries around the world and holds the following qualifications:

• US Financial Crimes Enforcement Network (FinCEN) Registration: MEXC is registered in the US as a Money Services Business (MSB) and is compliant with US Anti-Money Laundering (AML) ) and Counter Financing of Terrorism (CFT) regulations.
• Financial Transactions and Reports Analysis Center of Canada (FINTRAC) Registration: MEXC is registered in Canada as a Monetary Services Business (MSB) and complies with Canada’s AML/CFT regulations.
• Australian Transaction Reports and Analysis Center (AUSTRAC) Registration: MEXC is registered as a digital currency exchange in Australia and is regulated by AUSTRAC.
• Estonian Financial Intelligence Unit (FIU) Registration: MEXC is registered as a Virtual Asset Service Provider (VASP) in Estonia and follows the EU’s AML/CFT regulations.

In addition, MEXC Global uses industry-leading security measures such as two-factor authentication (2FA), cold storage and regular security audits to ensure the safety of user funds.

What is the ranking of MEXC Global online exchange?

Answer: As of June 2023, MEXC Global is ranked 13th on CoinMarketCap and 15th on Coingecko.

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