# MEXC

> Source: https://docs.barcoder.ai/docs/wallets/mexc
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MEXC — official](https://www.mexc.com/)

## Overview

**MEXC** is **#3 global CEX by spot volume Dec 2025 + fastest-growing global crypto exchange 2025 + altcoin trading leader** <sup>[1][1], [2][2], [global-cro]</sup>. **2025 baseline**: 40M+ MEXC users in 170+ countries (up from 36M+ earlier-2025); $1.5T total 2025 spot trading volume (up from $766.7B 2024; +90.9% YoY); $86.0B Dec 2025 spot volume + 9.1% global CEX market share; Jul 2025 spot trading $150.4B (+61.8% MoM); 2,278 spot trading pairs + 824 futures trading pairs — 6x more than mainstream exchanges; **altcoin trading volume growth leader**.

**Distinctive MEXC positioning** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **#3 global CEX by spot volume Dec 2025** + **fastest-growing global crypto exchange 2025 (+90.9% YoY)**
- **40M+ MEXC users in 170+ countries**
- **$1.5T total 2025 spot trading volume + $86.0B Dec 2025 spot volume + 9.1% global CEX market share**
- **2,278 spot trading pairs + 824 futures trading pairs — 6x more than mainstream exchanges** — distinctive MEXC altcoin coverage
- **Altcoin trading volume growth leader** — distinctive MEXC niche
- **2018 founding** as MXC (renamed MEXC 2021)
- **2025 spot trading volume surge nearly 90% YoY** + rankings leaped from #9 → #4 → #3 (Dec 2025) — distinctive MEXC 2025 rapid ascent

## History

**Apr 2018 — MEXC founded** as MXC in Singapore.

**2021 — MXC renamed MEXC** — distinctive MEXC brand consolidation.

**2024 — MEXC total 2024 spot trading volume $766.7B**.

**2025 — MEXC rankings leap from #9 → #4 → #3 (Dec 2025) global CEX by spot volume** + $1.5T total 2025 spot trading volume + $86.0B Dec 2025 spot volume + 9.1% global CEX market share + 40M+ users in 170+ countries <sup>[1][1], [2][2], [3][3]</sup>.

## Ownership & operator

**Operating entity**: **MEXC Global** (Singapore-founded; Seychelles entity).

**Major shareholders**: **MEXC founding team + crypto venture capital + private float**.

**Regulators**: **Seychelles FSA + Lithuania VASP + Australia AUSTRAC + Estonia FIU** — distinctive MEXC multi-jurisdiction compliance (ex-US).

## Technical integration

MEXC mobile app (iOS + Android) + mexc.com web + MEXC API (REST + WebSocket + FIX); MEXC spot trading + MEXC futures trading + MEXC Earn + MEXC Launchpad + MEXC Kickstarter + MEXC M-Day distinctive MEXC altcoin launchpad innovation; **2,278 spot trading pairs + 824 futures trading pairs — 6x more than mainstream exchanges**; USDT + USDC + BTC + ETH funding; cross-chain bridging.

## Users & growth

**2025**: 40M+ MEXC users in 170+ countries (up from 36M+ earlier-2025); $1.5T total 2025 spot trading volume (up from $766.7B 2024; +90.9% YoY); $86.0B Dec 2025 spot volume + 9.1% global CEX market share; Jul 2025 spot trading $150.4B (+61.8% MoM); MEXC #3 global CEX by spot volume Dec 2025.

## Use cases

Global (ex-US) crypto retail + altcoin spot + derivatives + on-chain trading via MEXC mobile + web + API; **2,278 spot trading pairs + 824 futures trading pairs — 6x more than mainstream exchanges** (distinctive MEXC altcoin coverage); MEXC Earn + MEXC Launchpad + MEXC Kickstarter + MEXC M-Day altcoin launchpad innovation; **MEXC altcoin trading volume growth leader**.

## Implementations & partners

**Operator**: MEXC Global (Singapore-founded; Seychelles entity).

**Subsidiaries**: **MEXC Spot + MEXC Futures + MEXC Earn + MEXC Launchpad + MEXC Kickstarter + MEXC M-Day**.

**Major global centralized crypto exchange competitors**: [Binance](https://docs.barcoder.ai/docs/wallets/binance) (global #1 by volume; CZ-founded; 2023 US DOJ $4.3B settlement) + [Coinbase](https://docs.barcoder.ai/docs/wallets/coinbase) (US #1; NASDAQ: COIN) + [OKX Wallet](https://docs.barcoder.ai/docs/wallets/okx-wallet) (global top-5; Star Xu-founded) + [Bybit](https://docs.barcoder.ai/docs/wallets/bybit) (global top-5; Ben Zhou-founded; Dubai HQ; 2025 $1.5B hack survival) + [Bitget](https://docs.barcoder.ai/docs/wallets/bitget) (top-4 derivatives; 150M+ users; Universal Exchange UEX; Gracy Chen CEO) + [KuCoin](https://docs.barcoder.ai/docs/wallets/kucoin) (global top-5; 2025 DOJ $297M settlement + 2026 CFTC permanent US exit) + [HTX (formerly Huobi)](https://docs.barcoder.ai/docs/wallets/htx) (formerly Huobi; Sep 2023 Justin Sun rebrand) + [Gemini](https://docs.barcoder.ai/docs/wallets/gemini) (US Winklevoss; Sep 12 2025 NASDAQ IPO at $3.3B) + [Kraken](https://docs.barcoder.ai/docs/wallets/kraken) (US #2).

**Regulators**: Seychelles FSA + Lithuania VASP + Australia AUSTRAC + Estonia FIU.

## Fun facts

- **#3 global CEX by spot volume Dec 2025** + **fastest-growing global crypto exchange 2025 (+90.9% YoY)**.
- **40M+ MEXC users in 170+ countries**.
- **$1.5T total 2025 spot trading volume + $86.0B Dec 2025 spot volume + 9.1% global CEX market share**.
- **2,278 spot trading pairs + 824 futures trading pairs — 6x more than mainstream exchanges** — distinctive MEXC altcoin coverage.
- **Altcoin trading volume growth leader** — distinctive MEXC niche.
- **2018 founding as MXC (renamed MEXC 2021)**.
- **2025 MEXC rankings leap from #9 → #4 → #3 (Dec 2025) global CEX by spot volume** — distinctive MEXC 2025 rapid ascent.

## Comparison

| Feature | MEXC | [Binance](https://docs.barcoder.ai/docs/wallets/binance) (global #1 by volume rival) | [OKX Wallet](https://docs.barcoder.ai/docs/wallets/okx-wallet) (global top-5 rival) | [Bybit](https://docs.barcoder.ai/docs/wallets/bybit) (global top-5 rival) | [Bitget](https://docs.barcoder.ai/docs/wallets/bitget) (top-4 derivatives + 150M+ users + Universal Exchange rival) |
|---|---|---|---|---|---|
| Operator | **MEXC Global (Singapore-founded; Seychelles entity)** | Binance Holdings Ltd (Cayman Islands) | OKEx Cayman Ltd (Seychelles HQ) | Bybit Fintech Limited (BVI; Dubai HQ) | Bitget Limited (Seychelles) |
| Type | **#3 global CEX by spot volume Dec 2025 + fastest-growing 2025 (+90.9% YoY) + 40M+ users in 170+ countries + 2,278 spot pairs (6x competitors) + altcoin trading volume growth leader** | Global #1 by volume + 250M+ users + Binance Smart Chain (BNB Chain) + 2023 US DOJ $4.3B settlement | Global top-5 + OKX Wallet + OKX Chain + Star Xu founder | Global top-5 + Mar 21 2025 $1.5B Lazarus Group hack survival | Top-4 derivatives + 150M+ users + Universal Exchange (UEX) + $8.17T 2025 derivatives volume |
| Country | Seychelles + 170+ countries (ex-US) | Cayman Islands + global (ex-US) | Seychelles + global | BVI + Dubai HQ + 90+ countries | Seychelles + 100+ countries (ex-US) |
| Distinctive | **Apr 2018 founding as MXC; 2021 MEXC rename; 2024 $766.7B total spot volume; 2025 rankings leap from #9 → #4 → #3 (Dec 2025) global CEX by spot volume; $1.5T total 2025 spot trading volume (+90.9% YoY); 2,278 spot pairs + 824 futures pairs (6x competitors); altcoin trading volume growth leader** | 2017 founding by CZ; 2023 US DOJ $4.3B settlement + CZ 4-month US prison + permanent CEO ban | 2017 founding (formerly OKCoin) | 2018 founding by Ben Zhou | 2018 founding; 2024 Gracy Chen CEO; 2025 Universal Exchange (UEX) launch |

## Status

**Active, #3 global CEX by spot volume Dec 2025 + fastest-growing global crypto exchange 2025 (+90.9% YoY)** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **MEXC Global (Singapore-founded; Seychelles entity)** since Apr 2018 founding as MXC + 2021 MEXC rename.
- **40M+ MEXC users in 170+ countries + $1.5T total 2025 spot trading volume + $86.0B Dec 2025 spot volume + 9.1% global CEX market share**.
- **2,278 spot trading pairs + 824 futures trading pairs — 6x more than mainstream exchanges + altcoin trading volume growth leader**.
- **Seychelles FSA + Lithuania VASP + Australia AUSTRAC + Estonia FIU regulated**.

## Sources

[1]: https://www.mexc.com/learn/article/cryptoquants-2025-annual-report-mexc-leads-comprehensive-rankings-with-spot-trading-volume-surging-nearly-90-/1 "CryptoQuant's 2025 Annual Report: MEXC Leads Comprehensive Rankings — MEXC"
[2]: https://coinjournal.net/news/mexc-surges-to-third-place-among-global-crypto-exchanges-doubles-trading-volume-in-2025/ "MEXC surges to third place among global crypto exchanges, doubles trading volume in 2025 — CoinJournal"
[3]: https://coinlaw.io/mexc-statistics/ "MEXC Statistics 2026 — CoinLaw"
[4]: https://www.coingecko.com/en/exchanges/mexc "MEXC Statistics: Markets, Trading Volume & Trust Score — CoinGecko"

- [1] [CryptoQuant's 2025 Annual Report: MEXC Leads Comprehensive Rankings — MEXC][1]
- [2] [MEXC surges to third place among global crypto exchanges, doubles trading volume in 2025 — CoinJournal][2]
- [3] [MEXC Statistics 2026 — CoinLaw][3]
- [4] [MEXC Statistics: Markets, Trading Volume & Trust Score — CoinGecko][4]
- [global-cro] In-corpus: `reports/countries/global.md`

## Source

Biography extracted from [mexc.md](https://docs.barcoder.ai/source/wallets/mexc). See `matrix.md` for standards-support matrix if present.