MEXC Soars to Second Place Globally: A Look at Its Rapid Rise
MEXC, a prominent cryptocurrency exchange, has achieved a significant milestone, rapidly climbing the ranks to become the world’s second-largest centralized exchange by spot trading volume. According to CoinGecko’s July 2025 market share report, MEXC processed a staggering $150.4 billion in trading volume, capturing an impressive 8.6% of global market activity. This remarkable achievement underscores the platform’s growing influence and strategic prowess within the dynamic crypto landscape, and could open new opportunities for African users.
Driving Factors Behind MEXC’s Surge
This substantial growth represents a remarkable 61.8% surge from June’s volume of $93 billion, making July the second-best performing month for MEXC in 2025, just shy of May’s $163.1 billion. Earlier in the year, the exchange was ranked eighth, showcasing the rapid progress driven by strategic execution. Further demonstrating the momentum, MEXC revealed its global user base had exceeded 40 million, a 33% surge from the 30 million recorded in December 2024. This expansion stems from several key factors. One key driver of this adoption is MEXC’s aggressive listing strategy. In May alone, the exchange listed 214 new tokens, with trading volume tied to these listings surging by 46.7%. This approach likely attracts new users and boosts overall trading activity.
MEXC’s rapid ascent signifies not only a win for the exchange itself but also potentially signals broader trends in the cryptocurrency market. It could inspire more African tech users who want to use crypto.
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