CoinGecko dropped its TradFi on Crypto Exchanges Report 2026 today, and MEXC came in second place for perpetual futures volume — $323.9 billion. The exchange also topped the list for real-world asset (RWA) listings, with 358 spot and perpetual futures products added between January 2025 and May 2026. That's more than any other exchange tracked in the report.
MEXC's RWA listing spree
The 358 listings cover both RWA spot pairs and TradFi perpetual futures — a category that includes tokenized stocks, bonds, and commodities. No other exchange came close to that number over the 17-month period. MEXC has been aggressive in adding these products, often ahead of competitors. The report doesn't break down the exact mix, but the sheer volume of listings signals a strategic bet on bridging traditional finance and crypto.
Zero-fee trading as a differentiator
MEXC is described in the report as a pioneer in 0-fee digital asset trading. That model likely helped drive the $323.9 billion in perpetual futures volume, putting it behind only the top exchange. Zero fees remove a barrier for high-frequency traders and market makers, which can boost liquidity and volume. It's a play that's worked for other exchanges in the past, but MEXC has leaned into it hard for TradFi products.
Second place in a growing market
Being second in perpetual futures volume is notable, but the report doesn't name the leader. The gap between first and second isn't disclosed either. Still, $323.9 billion is a serious number — it shows MEXC has carved out a real slice of the TradFi-on-crypto market. The report's release date of July 15, 2026, means these figures are fresh, covering activity through mid-year.
The exchange hasn't announced any new RWA listings today, but the pattern suggests more are coming. With 358 products already live, MEXC has built a catalog that rivals some traditional brokerages. The question is whether it can sustain the pace — and whether the 0-fee model remains profitable as competition heats up. For now, the CoinGecko report gives MEXC a clear bragging point.
