MEXC is betting that the line between crypto trading and traditional capital markets is disappearing. Its SpaceX pre-IPO offering drew over 74,000 participant entries and generated more than 7.1 billion USDT in futures volume, while RealStocks, its gateway to U.S. stocks and ETFs, topped 120,000 users shortly after launch.
Blockchain Reporter spoke with MEXC CEO Vugar Usi about what’s driving this growth, why AI-linked tokens overtook meme coins on the exchange, and how MEXC is positioning itself at the intersection of crypto, equities, and AI.
1. How is the MEXC exchange transforming into an inclusive gateway for popular U.S. stocks, pre-IPO investing, tokenized assets, and ETFs?
The traditional distinction between crypto markets and capital markets is becoming less relevant for users. People increasingly want access to multiple asset classes from a single account and a familiar trading environment. We believe the future of exchanges will be shaped by the breadth and quality of access they provide.
Our focus has been to build that access layer. During Q2, we expanded our offering across pre-IPO opportunities, stock futures, tokenized assets, and RealStocks. Through RealStocks, eligible users can access more than 7,000 U.S. stocks and ETFs through a licensed securities broker partner. We see this as a natural evolution of the exchange model.
2. What is the reason behind the growing traction of tokenized assets among rapidly expanding categories on cryptocurrency exchanges?
What we are seeing is demand for familiar assets through crypto-native infrastructure. Investors already understand companies, stocks, ETFs, and private-market opportunities. What changes is the way they access them.
Tokenized assets can make market access more flexible for users who already operate within digital-asset ecosystems. The strongest demand tends to emerge around assets with a clear underlying narrative. According to CoinGecko, tokenized pre-IPO perpetual trading volume rose by approximately 1,060%, with SpaceX accounting for the largest share of activity. Investors are more likely to engage when the underlying asset is familiar and access fits their existing trading habits.
3. How is the SpaceX pre-IPO on MEXC witnessing a massive number of subscriptions and 7.1 billion USDT in total futures trading volume?
The demand was visible at every stage. Our two SPACEX(PRE) rounds attracted more than 74,000 participant entries and generated over 173 million USDT in subscriptions. The first round reached a peak oversubscription ratio of 15.5x, while the second exceeded 30x.
Activity continued well beyond the subscription phase. Following the June 12 listing, SpaceX-related perpetual futures generated more than 7.1 billion USDT in trading volume. Weekly trading activity rose by as much as 1,727%, and open interest increased by 2,687% from launch.
4. What is the role of MEXC’s RealStocks project in connecting crypto trading and traditional finance for worldwide investors?
RealStocks was designed to solve a practical problem. Many crypto users want exposure to public equities but do not want to manage separate platforms and funding processes for each asset class.
RealStocks gives eligible users access to real U.S. stocks and ETFs through a licensed securities broker partner. By June 18, dividend settlements had been completed for 34 U.S. stocks and ETFs. RealStocks therefore provides a more direct route from a crypto-native environment into traditional equity markets.
5. How can tokenized pre-IPO investing redefine access to next-gen private entities for global and retail investors?
Private-market access has long been out of reach for many retail investors. Tokenized pre-IPO products can make that access more practical for eligible users by bringing it into familiar trading environments.
The response to SPACEX(PRE) showed clear demand for earlier access to high-profile private companies. As the category matures, we need to explain in plain language what each product involves, who qualifies, how settlement works, and what rights investors receive.
6. What does the swift RealStocks adoption disclose about the growing investor interest in U.S. ETFs and stocks via crypto platforms?
The early adoption gives us a clear signal that crypto users are interested in accessing U.S. equities and ETFs through platforms they already use.
RealStocks surpassed 120,000 cumulative users shortly after launch, and 52% of newly opened accounts proceeded to make a deposit. Users traded 814 different stocks and ETFs, with 15 assets generating more than 100,000 USDT in trading volume. Early adoption translated into funded accounts and active trading.
7. How are AI, crypto trading, and stock markets witnessing growing connections in line with a staggering 142% rise in futures trading led by Micron?
Following Micron’s June earnings release, trading volume in MU futures on MEXC rose by approximately 142% from the previous day. We also saw activity extend into SanDisk, SK hynix, and DRAM-linked products.
The pattern suggests that users were trading a broader AI supply-chain theme around the earnings event. It is one example of how developments in the stock market can quickly carry into equity-linked products traded through crypto infrastructure.
8. What turns AI into one of the top investment narratives in comparison with meme coins amid the rising performance of AI-agent initiatives?
We saw a clear change in Q2. Six of the ten highest-gaining new tokens on MEXC were linked to AI-agent projects, while only one was a meme coin. In Q1, meme coins had led the ranking.
Trading activity showed the same pattern. Four of the ten highest-volume new listings were AI and infrastructure projects. The projects attracting attention are tied to compute resources, identity systems, trading agents, and other infrastructure supporting AI adoption.
9. What is MEXC’s plan to capitalize on the merger of conventional financial markets, blockchain, and AI?
We believe the boundaries between these sectors will continue to narrow. Our objective is to simplify and streamline access to different markets through blockchain-based infrastructure. That path includes pre-IPO opportunities, stock futures, tokenized assets, RealStocks, USD1 integration, and TradingView execution.
We want those products to work more closely together so users can move between different forms of market exposure with less friction. AI currently enters this strategy through the assets users are trading, including AI-agent projects and semiconductor-linked futures.
10. How does the TradingView integration improve the futures trading experience?
Most active traders already spend a significant amount of time analyzing markets through charting tools. The TradingView integration allows users to place perpetual futures orders directly from TradingView charts, moving from analysis to execution without switching tabs.
Users can maintain their existing chart layouts and trading processes while accessing MEXC futures markets from the same environment. Removing friction between analysis and execution is particularly valuable in fast-moving markets.
11. What is the influence of the stablecoin USD1’s integration on trading activity, user growth, and network expansion?
The early response was strong. Our first USD1 campaign attracted more than 161,000 participants, while new users generated approximately 2.4 billion dollars in cumulative futures trading volume.
The figures show that users are willing to adopt new dollar-denominated assets when those assets are integrated into products they already use. MEXC is expanding USD1’s role across trading support, product integration, and wider ecosystem participation. The first campaign showed that USD1 can drive meaningful participation when integrated into trading products users already understand.
12. With an average Proof of Reserves ratio of 156.5% across major assets on MEXC in June, what is the significance of overcollateralization and transparency in building long-term trust?
In July, MEXC reported Proof of Reserve ratios of 119% for USDT, 115% for USDC, 281% for BTC, and 114% for ETH, averaging 157.25% across those major assets. We publish these figures so users can see how platform balances are backed.
Reserves above user balances reflect a conservative approach to asset backing. Regular reporting also gives users a consistent basis for assessing how the platform manages reserves over time.
