AscendEX Shuts Down Operations Following MiCA Compliance

AscendEX has officially ended its operations as of July 1, 2026. The exchange posted a notice for retail account holders explaining that all platform services are now closed. This decision comes as part of a wider shift in how digital asset companies handle business within the European Union.

Starting July 6, the company moved all withdrawal requests to a manual review process. Users hoping to move their funds must now follow specific protocols rather than using the previous automated systems. This change highlights the administrative burden placed on exchanges by the Markets in Crypto Assets regulation, known as MiCA.

Investors should prioritize moving their assets if they still hold balances on the platform. The shift to manual reviews suggests that processing times may be longer than users are accustomed to. Market participants should watch for further updates regarding final deadlines for account closures and support accessibility.