Traditional Finance Users Flock to Crypto Exchanges for Better Trading Conditions
A recent report from MEXC reveals that 74.2% of traditional finance users have shifted their trading activity to crypto exchanges, while 83.3% plan to increase their traditional asset trading volume on these platforms.
The survey collected 6,185 responses across 13 languages and found that the main drivers behind user migration were limited trading hours and high fees in traditional brokerages.
Users are attracted to crypto exchanges for their 24/7 market access, competitive fees, and greater asset flexibility. The report also highlights that nearly 70% of respondents have missed trading opportunities due to market closures on weekends or holidays.
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.'