MEXC Names Vugar Usi as New CEO Amid Global Expansion Plans

Cryptocurrency exchange MEXC has announced the appointment of Vugar Usi as its new Chief Executive Officer, effective immediately. This move is part of a broader corporate restructuring aimed at international expansion, following significant operational reforms over the past year.

According to company statements, MEXC has implemented robust risk-control frameworks, increased transparency initiatives, and executed internal cultural and strategic shifts. These changes are expected to enhance the platform's global compliance readiness and regulatory alignment.

The appointment of Usi as CEO comes after his tenure as Chief Operating Officer (COO), where he oversaw the scaling of MEXC's operations. Prior to joining MEXC, Usi held roles in scaling other Web3 platforms, including Bitget.

Under Usi's leadership, MEXC aims to expand its product offerings beyond traditional cryptocurrencies, introducing MT5-based assets and prediction markets. This move is expected to provide users with a broader range of trading options and increase the platform's appeal to institutional investors.