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MEXC Reports 21% MoM Growth in New-Token Traders and 31% Increase in Tokenized Stock Trading Volume in August
MEXC reported a significant surge in trading activity for both new crypto tokens and traditional finance (TradFi) assets in August. The number of users trading newly launched tokens increased by 21% month over month. The top-performing new token achieved an impressive gain of 14,143%, with top tokens showing an average peak gain of 3,358%. Memecoins dominated trading volume among new tokens, accounting for 55% of the total, though utility-focused projects in AI, RWA, and DeFi also saw considerable interest.In the TradFi sector, Spot trading volume grew by 13%, largely driven by a 31% increase in tokenized stock trading. Tokenized stocks and gold-related assets like PAXG were particularly active. Precious metals futures trading also rose by 32%, with gains concentrated in XAU and silver-related assets. MEXC actively supported this increased demand through promotional campaigns, including a TradFi Million-Dollar Gala which saw substantial user participation and trading volume. The platform also highlighted tokenized stocks like NVDAX and TSLAX in its xStocks campaign.MEXC's CEO emphasized the platform's commitment to providing fast and convenient access to diverse trading opportunities. The company aims to continuously expand its cross-asset coverage and reduce friction between different markets. Founded in 2018, MEXC is a global multi-asset trading platform offering 0-fee trading across crypto, stocks, and tokenized assets. It serves users in over 170 markets, providing deep liquidity and a high-performance trading experience. MEXC facilitates easier access to global trading opportunities by enabling users to trade various asset classes from a single account.