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

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Key takeaways

MEXC reported a 77% month-over-month increase in new-token spot trading volume for September.
Tokenized U.S. stock trading volume on the platform rose by 81% during the same month.
Stock Meme tokens and tokenized equities showed significant growth and convergence.

Growth in new-token and stock-related trading

MEXC has released its September trading data, revealing that new-token and TradFi spot trading volumes rose 77% and 78% month over month, respectively. Tokenized U.S. stock trading volume also increased by 81%. Stock Meme projects took the top two spots by new-token spot trading volume as stock-related trading expanded into on-chain new-token markets.

In September, the number of newly listed tokens on MEXC increased 15% month over month, while the number of users trading new tokens grew 27%. Seven of the top 10 new tokens by spot trading volume made their exchange debut on MEXC, highlighting the platform’s coverage of trending early-stage assets. Stock Meme projects 4STOCK and MEMEROBINHOOD together accounted for approximately 38% of the top 10’s combined trading volume.

Convergence of stocks and crypto assets

Beyond stock-themed meme tokens, tokenized stocks are also being used as quote assets for on-chain new token trading pairs. Four Stock Meme projects, including MEMEROBINHOOD, SI, MOO, and 4STOCK, ranked among the top 10 gainers, accounting for approximately 67% of the ranking’s total trading volume. EMBER and BREW, two tokens associated with token launch platforms, also ranked among the top 10 new tokens by spot trading volume.

Echoing activity in the new-token market, MEXC’s tokenized U.S. stock trading volume rose 81% month over month in September, accounting for approximately 66% of the increase in TradFi spot trading volume. Growth extended beyond a handful of assets, with more than half of the tokenized U.S. stocks seeing their trading volumes at least double. MRVL and META entered the ranking, with trading volumes up 212% and 152%, respectively.

Circle-related activity and user campaigns

Circle-related trading activity also appeared across both MEXC’s tokenized U.S. stock and new-token markets. On September 16, Circle launched the mainnet of its own blockchain, Arc. ARGUS, the token of a launch platform on Arc, was listed on MEXC the same day and ranked among the month’s top 10 new tokens by spot trading volume. During the same month, trading volume for tokenized U.S. stock CRCL rose 103% month over month, placing it fourth by TradFi spot trading volume.

To drive user participation, MEXC held xStocks Gala, a tokenized U.S. stock trading campaign, in September. The campaign attracted nearly 100,000 registrations, with average daily trading volume exceeding $3.4 billion during the event. By combining popular assets with trading incentives, MEXC further lowered barriers to participation in the tokenized stock market.

“The convergence of stocks and crypto assets is changing how users participate in markets. A single market theme can drive trading activity in both tokenized U.S. stocks and on-chain new tokens. Through 0-fee trading and broader asset coverage, MEXC aims to help users capture cross-market trading opportunities on one platform.”

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