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MEXC Ranks Second Globally by Trading Volume- A Closer Look at Its Rise

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MEXC trading volume

MEXC trading volume hit $150.4B in July 2025, ranking 2nd globally with 8.6% market share, reflecting rapid growth and strong user adoption

The cryptocurrency exchange industry has always been competitive, but recent data shows that MEXC has firmly secured its place among the top players.

Also read: MEXC Exchange Review 2025: Fees, Features & Why Traders Love It

According to a study by CoinGecko, MEXC ranked as the second-largest centralized exchange by trading volume in July 2025, holding 8.6% market share and processing $150.4 billion in spot trading volume.

This milestone represents a 61.8% increase from June, when the exchange recorded $93 billion in volume, making July MEXC’s second-best month of 2025, only slightly behind May’s $163.1 billion.

For a platform that was ranked eighth just earlier in the year, this progress highlights both momentum and strategic execution.

 

From Growth in Users to Trading Innovation

Behind the numbers is a broader story of expansion. Earlier this year, MEXC announced that its global user base had surpassed 40 million, up from 30 million in December 2024, a 33% growth in just five months.

This rapid adoption has been fueled by several factors:

Active Token Listings: In May alone, MEXC listed 214 new tokens, with trading volume tied to these listings increasing by 46.7%.

Higher User Engagement: Average trading volume per user rose 45.09% in the same period, showing that users were not only joining the platform but also trading actively.

Sector Opportunities: MEXC gave early access to high-performing tokens in AI, GameFi, and meme coins.

This ability to capture user interest around trending assets has allowed MEXC to build stronger liquidity while reinforcing its reputation as a launchpad for new projects.

Security and Transparency at the Core

Beyond growth, MEXC has also worked to strengthen trust. In August 2025, the exchange released its latest Proof of Reserve audit, which confirmed over-collateralization across all major cryptocurrencies.

Bitcoin reserves stood at 129.85%, while stablecoin reserves surpassed $2.66 billion.

These measures ensure that MEXC users have complete backing of their deposits with extra security buffers, which is a critical factor for traders during volatile market conditions

The combination of transparency and strong reserve ratios adds an extra layer of reliability in an industry where user protection is essential.

Flexible KYC and Global Access

For many traders, getting started often comes down to how easily they can join and trade. MEXC’s flexible KYC process gives it an advantage over competitors.

In most supported regions, users can start trading with basic verification, enjoying meaningful withdrawal limits before upgrading to higher KYC levels if needed.

This flexibility, combined with a fast verification process (usually within one business day), has made MEXC attractive to global traders who value both speed and access.

What Sets MEXC Apart

MEXC’s progress in trading volume is not an isolated achievement. It reflects a broader strategy built on:
Innovative Features: High-leverage futures trading (up to 300x on select pairs) and advanced trading tools.

Community Engagement: Regular airdrops, launchpools, and global events that keep users connected.

Strategic Focus: Continued attention to high-growth sectors such as AI, GameFi, Real World Assets (RWA), and the TON ecosystem.

Together, these elements position MEXC as a platform that balances growth, security, and user opportunity.

Looking Ahead

If the first half of 2025 is any indication, MEXC is on a trajectory to continue expanding its influence in the global crypto market.

With steady growth in trading volume, a growing user base, strong proof of reserves, and a flexible onboarding process, the exchange is shaping the future of trading by combining accessibility with trust.

As competition among exchanges remains intense, MEXC’s ability to scale without losing focus on user security and transparency may be its biggest advantage.

For traders, this ranking is a signal that MEXC is fast becoming a reliable and influential platform in the global cryptocurrency landscape.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees.

Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets.

Also read: MEXC Stock Futures Launch Sparks Positive Trading Revolution with 0 Fees and Top Liquidity

MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

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Questions Trail Kano School Concession as Firm’s Whereabouts Remain Unclear

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Fresh concerns have emerged over compliance with a court order issued by the High Court of Kano State on April 8, 2026, restraining key parties—including the Honourable Minister of Education, the Kano State Ministry of Land and Physical Planning, the Kano State Urban Development Authority, and Pluck Global Company Limited—from further actions pending the determination of the matter before the court.

Findings indicate that while all parties—except the concessionaire, Pluck Global Company Limited—were duly served within two days of the order, significant challenges were encountered in effecting service on the company, raising troubling questions about its corporate traceability and regulatory vetting.

A review of the company’s records filed with the Corporate Affairs Commission (CAC) revealed addresses that could not be verified as functional business locations. Notably, documentation submitted to Federal Government College (FGC), Kano, dated June 20, 2024, listed two addresses: 8B, Lalupon Street, off Keffi Street, off Awolowo Road, Ikoyi, Lagos, as its head office, and 3 Bargery Road, Bompai, Kano, as its branch office.

However, a physical visit to the Ikoyi address revealed that the entire property is occupied by a company identified as Golden Alchemy, whose staff категорically denied any knowledge of, or shared occupancy with, Pluck Global Company Limited.

Efforts to trace the Kano address yielded even more unsettling findings. The location—a locked duplex—showed no visible signs of commercial activity. Neighbours, while reluctant to speak on record, alluded to irregular movements at odd hours, casting further doubt on the legitimacy of the premises as a corporate office.

In a twist, after multiple attempts to establish contact, an individual purportedly representing the company surfaced in Kano and agreed to receive and acknowledge the court order on April 11, 2026, at approximately 6:00 pm. Curiously, the Ikoyi address—already discredited—was again listed as the company’s official address in the acknowledgment.

These developments raise critical questions regarding due diligence and Know Your Customer (KYC) protocols on the part of the Federal Ministry of Education. They also cast a spotlight on the Infrastructure Concession Regulatory Commission (ICRC), should a concession agreement indeed have been executed with the company. Stakeholders say it would be instructive to review the addresses contained in all official correspondences and contractual documents linked to the transaction.

Meanwhile, a visit to the premises of Federal Government College, Kano, revealed ongoing construction activity, with workers observed excavating foundations. When approached, the workers declined to disclose the authority under which they were operating—despite the subsistence of a court order restraining further action.

Notably, a previously installed project billboard bearing the insignia of the school authorities and the Federal Ministry of Education had been removed. Sources within the institution suggest that the directive for its removal may have emanated from the Ministry following receipt of the court order.

The unfolding situation presents a complex mix of legal, regulatory, and accountability issues—raising the spectre of possible non-compliance with judicial directives, as well as deeper concerns about transparency in public-private concession arrangements.

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