Crypto exchange MEXC has climbed to third place globally in perpetual futures trading volume. According to CoinGecko data cited in the article, MEXC recorded $5.76 trillion in cumulative perpetual futures volume, trailing only Binance and OKX.
CoinGecko ranking places MEXC just behind Binance and OKX
The report references CoinGecko analysis covering August 2023 to January 2024. In that ranking, Binance placed first with $13.61 trillion in perpetual futures volume, followed by OKX with $5.80 trillion. MEXC came next at $5.76 trillion. The remaining exchanges in the top ten were Bybit, Bitmart, Gate, Bitget, Toobit, BingX, and Hyperliquid.
The article says MEXC held an 11.8% share of the global perpetual derivatives market. It also describes perpetual futures as one of the faster-growing segments in crypto trading, driven by demand for advanced trading products and deeper liquidity.
XAUT perpetual contract activity tops global 24-hour ranking
MEXC also highlighted its position in tokenized commodity futures. Based on data cited from CoinMarketCap and CoinGecko, the exchange currently ranks first worldwide in 24-hour trading volume for Tether Gold (XAUT) perpetual futures.
The article also cites CoinGlass data showing that total trading volume for MEXC’s XAUT perpetual contract reached $3.43 billion. It links that activity to the rise in gold prices to record highs in early 2024, which it says increased interest in tokenized gold and other real-world asset derivatives.
1,281 token listings over the past 13 months
Beyond derivatives, the article says MEXC has remained aggressive on token listings. Over the last 13 months, the exchange listed 1,281 tokens, averaging close to 100 new listings per month. The piece presents that listing pace alongside broad spot market access and liquid derivatives markets as part of the platform’s trading offering.
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