Traditional Finance Users Flock to Crypto Exchanges Amid Trading Infrastructural Shift

MEXC, a leading cryptocurrency exchange, has released a report on the migration of traditional finance users to crypto exchanges. The report found that 74.2% of users with a traditional finance background have shifted their trading activity to crypto exchanges.

The survey collected 6,185 responses across 13 languages and showed that 83.3% of all respondents plan to further increase their traditional asset trading volume on crypto exchanges. This suggests that the migration has not yet peaked.

The reasons for switching to crypto exchanges were primarily driven by dissatisfaction with traditional brokerages, including limited trading hours (58.8%) and high fees (54.7%).

MEXC CEO Vugar Usi stated, 'As more users trade Bitcoin, gold, and U.S. stocks on the same day, a financial infrastructure better aligned with today's user needs is taking shape.'