On-chain fund platform Reserve pauses providing liquidity for LCAP and CMC20 on MEXC
Original headline链上基金平台 Reserve 暂停在 MEXC 为 LCAP 和 CMC20 提供流动性
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Reserve is pulling its liquidity provision for LCAP and CMC20 on MEXC, with the on-chain fund platform and its market-making partners set to withdraw the capital used for those markets shortly. The move responds to a FinCEN order against MEXC, though Reserve said liquidity for both tokens on other venues and on-chain remains unaffected. The US Treasury has ordered US financial institutions to stop sending funds to and receiving funds from MEXC Global, with the ban taking effect 30 days after publication in the Federal Register. The withdrawal highlights how US regulatory action against a single exchange can ripple into token-level market depth even when the underlying assets trade elsewhere. Watch whether other market makers follow Reserve off MEXC and whether LCAP and CMC20 liquidity migrates to alternative venues or on-chain pools.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
MEXC, Reserve, FinCEN, LCAP, CMC20, US Treasury