MEXC, a digital asset exchange known for zero-fee trading, has reported that daily trading volume for its SPCX futures product peaked at over $800 million USDT. The surge follows the recent initial public offering of SpaceX, which has driven significant investor interest in the tokenized futures contract.
Post-IPO Volume Surge
According to MEXC, the average daily trading volume for SPCX futures in the three days following the SpaceX IPO increased nearly sevenfold compared to pre-IPO levels. The exchange attributed the spike to heightened demand for exposure to the high-profile aerospace company, which began trading on Nasdaq under the ticker SPCX.
MEXC offers SPCX futures with zero trading fees and up to 100x leverage, backed by deep liquidity and low slippage to accommodate large orders. The product allows users to take both long and short positions, providing flexibility beyond traditional one-way subscription or post-listing purchases.
Integrated Platform for Full Lifecycle Investing
MEXC has linked three product lines—Launchpad, TradFi Futures, and RealStocks—to support investors throughout the asset lifecycle. Prior to the listing, the exchange conducted multiple rounds of SPACEX(PRE) Launchpad subscriptions, with the first two rounds collectively raising $173 million. Demand exceeded available allocation by up to 30 times, reflecting strong appetite for pre-IPO exposure.
After listing, SPCX futures automatically roll over to track the real stock price, allowing users to maintain positions without switching instruments. For those seeking long-term allocation, MEXC RealStocks enables holding actual shares post-listing, with eligibility for dividends where applicable. All three products are accessible through a single MEXC account, using USDT as the unified settlement currency, eliminating currency conversion and cross-platform transfers.
Expanding Equity Offerings
MEXC has built a broad U.S. equity offering spanning over 7,000 real stocks and ETFs. Beyond SpaceX, the exchange has introduced pre-IPO futures for other prominent technology companies, including OpenAI and Anthropic. This expansion aims to widen access for crypto users to participate in global innovative assets.
To coincide with the SpaceX listing, MEXC launched a zero-fee U.S. stock trading event and an exclusive SpaceX airdrop. Users who trade stocks can receive SPCX futures airdrop positions from a total prize pool of up to 5 million USDT, providing an additional way to gain exposure to the listing.
For context on the broader trend of exchanges integrating traditional assets, see our coverage of BingX's $1M stock trading carnival and Bitget's AI trading playbook. The SpaceX IPO itself was priced at $135 per share, as detailed in our earlier report.
Looking ahead, MEXC plans to continue expanding its equities offering, introducing more sought-after assets and reducing barriers to cross-market participation. The exchange, which serves over 40 million users across 170+ markets, positions itself as a gateway to infinite opportunities across global markets.
This article is for informational purposes only and does not constitute financial advice.
