MEXC, one of the fastest-growing crypto exchanges, hit major milestones in early 2026. According to CoinGecko's 2025 Centralized Exchange Market Share Report, MEXC seized 7.8% market share to become the third-largest exchange globally. Its spot trading volume reached $1.5 trillion for the year, a 90.9% increase—far outpacing the industry average of 7.6%. In December 2025 alone, the platform handled $86 billion in volume, making it the fastest-growing among the top ten exchanges.
Market share grows amid industry slump
While Binance and Bybit saw market share declines of 0.5% and 13.7% respectively, MEXC's share jumped more than 90%. The exchange's zero-fee trading model continues to drive user growth and trading activity.
Proof of Reserve: BTC coverage hits 267%
MEXC's February 2026 Proof of Reserve report shows all major asset coverage ratios above 100%. BTC reserve coverage reached 267%, up from 158% in January. Wallet assets include 12,003.98 BTC (267% coverage), 73,433.86 ETH (112%), $1.82 billion USDT (117%), and $93.5 million USDC (124%). The exchange publishes monthly Merkle Tree snapshots verified by blockchain security firm Hacken.
MEXC Earn upgrade: up to 15% APY on USDT
MEXC launched a limited-time upgrade on its flexible savings product, offering up to 15% APR on USDT. The first 300 USDT tier gets 20% APR, while the 300–100,000 USDT tier earns 10%. No lock-up period required. Fixed-term products include a 600% APR for new users on 2-day USDT and 400% on 3-day XAUT (gold) and SLVON (silver). The exchange also offers high-yield options through Futures Earn, Spot Auto-Earn, and MEXC Loans.
XAUT perpetuals rank first globally, boosting RWA
Amid record gold prices, MEXC's XAUT (Tether Gold) perpetual futures ranked first worldwide by volume. Data from CoinMarketCap, CoinGecko, and CoinGlass show 24-hour volume of $3.43 billion, far ahead of competitors.
Founded in 2018, MEXC serves over 40 million users across 170 countries. It plans to deepen its zero-fee vision, upgrade infrastructure, and expand real-world asset tokenization offerings.