The global cryptocurrency exchange MEXC has officially removed the Ethiopian Birr (ETB) from its Peer-to-Peer (P2P) trading platform ahead of its previously announced deadline. The sudden delisting took effect immediately, leaving local crypto traders without access to the fiat currency option on the platform.
MEXC had initially informed users that ETB P2P trading services would be discontinued on June 30, 2026. However, the platform implemented the decision 20 days earlier than expected, completely removing the Ethiopian Birr option from its user interface this week.
This abrupt move follows a growing trend of major international cryptocurrency exchanges exiting the Ethiopian market. Platforms such as Telegram Wallet, Bitget, Binance, OKX, and Bybit have similarly halted their ETB P2P trading services in recent months, citing compliance with Ethiopia’s evolving financial regulations.
In response to the shifting digital asset landscape, the National Bank of Ethiopia (NBE) has been actively working on a regulatory framework. The central bank previously stated that it is consulting with international regulatory peers and domestic stakeholders to develop a comprehensive, secure, and orderly system for digital finance engagement.
The accelerated removal by MEXC highlights the tightening regulatory environment for digital currencies within the country. Local traders are now looking to alternative legal channels as the government moves closer to finalizing its official stance on cryptocurrency operations.