MEXC’s New-Token Trading Volum... Note
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MEXC’s New-Token Trading Volume Rises 77% in September as Stock-Related Trading Expands Into On-Chain New-Token Markets

MEXC announced its September trading data, showcasing significant growth across various asset classes. New-token and TradFi spot trading volumes experienced substantial month-over-month increases of 77% and 78% respectively. Tokenized U.S. stock trading volume also saw a notable jump of 81%. Stock Meme projects dominated new-token spot trading, with two projects accounting for 38% of the top 10's combined volume. The number of newly listed tokens on MEXC rose by 15%, while users trading these tokens increased by 27%. Seven of the top 10 new tokens by volume debuted on MEXC, highlighting its early-stage asset coverage. Tokenized stocks are increasingly being used as quote assets for new token trading pairs, indicating a broader convergence of stocks and crypto assets. Circle-related activity was evident, with the tokenized stock CRCL seeing a 103% trading volume increase and ARGUS, a token from Circle's Arc blockchain, listing on MEXC. MEXC hosted an xStocks Gala campaign, attracting nearly 100,000 registrations and boosting average daily trading volume. The platform's CEO emphasized the convergence of markets and MEXC's role in providing a 0-fee gateway for cross-market opportunities.
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