MEXC and CoinGecko reported that 74.2% of surveyed users with a traditional finance background have moved some or all of their traditional-asset trading onto crypto exchanges, evidence that centralized venues are absorbing activity that once belonged to conventional brokerages.
The finding comes from How Crypto Exchanges Are Reshaping Traditional Asset Trading, released in collaboration with CoinGecko, which pairs a trading-activity analysis across Binance, MEXC, Bitget, OKX, Gate and Bybit with a global survey of 6,185 users across 13 languages and frames crypto exchanges as multi-asset gateways that now span equities, precious metals and commodities rather than digital assets alone.
The Traffic Runs Both Ways
According to the report, the migration is moving in both directions across the two camps. Among crypto-native respondents, 61.9% have already traded traditional assets on a centralized exchange, while 74.2% of users with traditional finance experience have transferred part or all of their activity.
Across the full sample, 83.3% said they plan to increase their traditional-asset trading volume on crypto exchanges. Respondents credited the switch to round-the-clock market access, smoother execution, and the convenience of holding crypto and traditional positions in one place.
That rotation has been sharp enough for some traders to desert native tokens for traditional equities, with tokenized stock perpetual futures volume crossing $54 billion in June and SpaceX alone accounting for roughly $36 billion. The behavioral shift tracks a steep climb in volume, as combined monthly traditional-finance trading across the six exchanges rose from $3.46 billion in January 2025 to $393.15 billion in June 2026, growth of more than 100-fold.
Perpetual futures carried almost all of that weight, generating $387.39 billion in June against $5.75 billion in spot volume, or roughly 98.5% of total activity, which shows users reaching traditional assets through leveraged products rather than outright ownership.
When Equities Outran Gold
June was the month equities dethroned gold and silver at the top of the category. US stock volume rose 337.4% month over month, from $43.40 billion in May to $189.84 billion in June, capturing roughly 48.3% of total traditional-finance volume. Precious metals ran the opposite way, sliding 48.2% from a March peak of $236.76 billion to $122.59 billion in June.
Semiconductor stocks, large technology companies and anticipated listings such as SpaceX led the shift, pushing the market past its early dependence on the metals that seeded it. Tokenized traditional-finance assets across the same six venues expanded to $6.59 billion by the end of June as first-half trading volume reached $1.45 trillion, and the market-cap side kept pace as tokenized stocks hit a record $2.3 billion in mid-July, led by Ondo Finance, Kraken and Binance.
MEXC’s Early Bet
MEXC positioned traditional finance as a growth area ahead of the broader move. Its monthly traditional-finance volume climbed roughly 59-fold, from $1.54 billion in November 2025 to $91.12 billion in May 2026, and it held the second-largest monthly market share among the six exchanges for five consecutive months from January to May 2026.
The exchange also led all six in precious metals trading in April and May, recording $72.12 billion and $85.15 billion on the strength of its gold and silver liquidity. Vugar Usi the CEO of MEXC described this, saying:
“Traditional assets are becoming a core part of how users engage with crypto exchanges, rather than an experimental product category.”
The company said it will keep broadening asset coverage, deepening liquidity and reducing the friction of moving between crypto and traditional markets. The pattern shows up at individual venues too, where KuCoin’s own half-year data showed Meta topping its stock-perpetuals demand ahead of Coinbase.