Crypto Exchanges Close the Gap to Wall Street as MEXC Logs 7.1 Billion in SpaceX Futures

The article describes how crypto exchange MEXC is expanding into a full-suite trading venue for private and public equities, using SpaceX as a showcase. MEXC said SpaceX perpetual futures generated over 7.1 billion USDT in volume shortly after the company listed, and that its pre-IPO subscription rounds drew more than 173 million USDT from over 74,000 entries. The exchange also launched real US stock and ETF trading, with more than 120,000 sign-ups in the first month and 52% funding accounts. The piece frames this as part of a broader race among crypto venues and brokers to combine stocks, tokenized assets, derivatives, and prediction markets in one platform. It also notes regulatory and access limits: US retail is excluded, MEXC lacks a MiCA license in Europe, and the reported figures are not independently audited. Overall, the market impact is a sign that crypto platforms are increasingly competing with traditional brokers for multi-asset trading flow, while regulatory scrutiny remains a key constraint.