MEXC ranked second among exchanges in commodity perpetuals trading volume in the third quarter of 2026, capturing a 17.43% market share, according to TokenInsight's Crypto Exchange Report. The report examined 20 exchanges, with 11 selected for in-depth analysis based on market share, trading volume and open interest.
The exchange recorded $86 billion in commodity perpetuals volume during the quarter, roughly twice the volume of the third-ranked exchange. MEXC and Binance together accounted for approximately three-quarters of the commodity perpetuals market.
Gold Dominates Commodity Contracts
Gold (XAU) accounted for 51% of commodity perpetuals trading volume across the market, while gold, silver (XAG) and WTI crude oil combined represented 91%. MEXC ranked second in both gold and silver perpetuals.
Among the eight commodities covered in the report, MEXC placed in the top three in six. It ranked second in gold, silver, Brent crude (BZ), copper and platinum (XPT), and third in palladium (XPD).
Total Volume Reaches $1.069 Trillion
MEXC posted $1.069 trillion in total trading volume in Q3, ranking fourth among the exchanges covered. Its market share reached 8.91%, up 0.38 percentage points from the previous quarter, the third-largest increase among major exchanges.
Derivatives trading volume reached $963 billion, equal to a 9.67% market share and fourth place among exchanges. MEXC, Binance, OKX and Bybit together accounted for approximately 70% of the derivatives market.
TradFi Perpetuals at 17.38% of Derivatives Volume
TradFi perpetuals represented 17.38% of MEXC's derivatives trading volume, the third-highest proportion among the nine exchanges tracked, behind Binance at 26.25% and Bitget at 22.06%. MEXC was one of five exchanges where TradFi perpetuals exceeded 10% of derivatives volume, alongside Binance, Bitget, OKX (15.76%) and Gate (12.32%).
Across the nine exchanges, TradFi perpetuals reached $2.1 trillion in Q3 trading volume, with equity perpetuals accounting for 77%, or $1.61 trillion. Monthly TradFi perpetuals volume peaked at $793 billion in August, while commodity perpetuals volume rose throughout the quarter to reach $188 billion in September.
Equity Perpetuals and the NVDA Contract
MEXC recorded $117 billion in equity perpetuals trading volume, representing a 7.28% market share and fourth place among the nine exchanges tracked. Its volume was $5 billion behind the third-ranked exchange.
Equity perpetuals trading was concentrated in the top 20 contracts, which accounted for 88% of total volume, with the top five alone representing 64%. Memory-chip stocks and ETFs were particularly active, accounting for seven of the top 20 contracts.
MEXC ranked second in NVDA and SAMSUNG perpetuals and third in SKHYNIX, SOXL, MU and TSLA. Overall, it placed among the top three exchanges in six of the 20 equity perpetuals contracts.
About the Exchange
Founded in 2018, MEXC describes itself as a multi-asset trading platform serving users across more than 170 markets, offering access to crypto, stocks, tokenized assets and derivatives through a single account with zero trading fees.
