MEXC Sees 111% Surge in Stock Futures Volume, Tokenized Equities Dominate TradFi Spot

MEXC, a leading cryptocurrency exchange, released its July trading highlights, showcasing significant growth in various sectors. The platform's individual stock futures volume increased by 111% from June, with tokenized US stocks accounting for 62% of all TradFi spot volume.

The share of MEXC's TradFi futures volume coming from individual stocks has been rising consecutively for three months and reached a new high of 30% in July. This growth outpaced the platform's overall TradFi futures segment, which expanded by 27%. Gold remained the largest contributor to TradFi futures volume, but trading activity continued to shift towards individual stocks.

The launch of Robinhood Chain on July 1 had a significant impact on MEXC's trading volume. Six out of ten most traded new listings came from this chain, with memecoins drawing considerable attention and taking three of the top slots. Tokenized US stocks dominated the spot market, with four tokens from prominent companies such as SpaceX, Circle, Micron, and Tesla featuring in the top ten.