MEXC Closes Gap to Wall Street with SpaceX Futures
Crypto exchanges are competing with traditional financial markets.
1MEXC's Success with SpaceX Futures
MEXC reached $7.1 billion in trading volume for perpetual futures tied to SpaceX shares. This figure came in the weeks following the rocket company's IPO and is based on the exchange's Q2 report.
2Tokenized Equity Offerings
MEXC conducted two pre-IPO subscription rounds for SpaceX, raising over $173 million USDT from more than 74,000 entries. Users could trade tokenized versions of the shares without leaving the platform.
3RealStocks Completes the Service
RealStocks launched on June 1, routing orders for US stocks and ETFs through a licensed broker. The service offers dividends to buyers, not just price exposure.
4Binance and Kraken's Similar Moves
Binance opened access to nearly 7,000 US stocks on June 1. Kraken opted for tokenized equities, with its xStocks brand reaching $25 billion in cumulative transaction volume.
5The Rise of Perpetual Futures
Pepperstone expanded its perpetual futures offerings beyond SpaceX to include metals, stock indices, and energy products. These contracts are bridging crypto and traditional finance.
6US Investors Excluded
Tokenized equity products are closed to US investors. Kraken's SpaceX token also excludes users in the UK, Canada, and Australia. Europe is tightening regulations with MiCA licensing requirements.