MEXC captures 17.43% commodity perpetuals market, ranks second in Q3

Report Scope

The report reviewed 20 exchanges and conducted in-depth analysis on 11 based on market share, trading volume, and open interest.

Q3 2026 Exchange Metrics

MEXC recorded $1.069 trillion in total trading volume, ranking fourth. Market share reached 8.91%, up 0.38 percentage points quarter over quarter, the third-largest increase among major exchanges. Derivatives volume was $963 billion for a 9.67% market share, ranking fourth. MEXC, Binance, OKX, and Bybit together accounted for approximately 70% of derivatives market volume.

Commodity Perpetuals

MEXC posted $86 billion in commodity perpetuals trading volume, equal to a 17.43% share and the second-highest among exchanges. Its volume was roughly double that of the third-ranked exchange. MEXC and Binance together captured approximately three-quarters of the commodity perpetuals market.

Market composition: gold (XAU) accounted for 51% of commodity perpetuals volume. Gold, silver (XAG), and WTI crude oil together represented 91%.

MEXC rankings by commodity: second in gold, silver, Brent crude (BZ), copper, and platinum (XPT), and third in palladium (XPD). MEXC placed in the top three for six of eight commodities examined.

TradFi Perpetuals Breakdown

TradFi perpetuals comprised 17.38% of MEXC’s derivatives volume, ranking third by proportion behind Binance at 26.25% and Bitget at 22.06%. Five exchanges exceeded a 10% TradFi share: Binance, Bitget, MEXC, OKX at 15.76%, and Gate at 12.32%.

Across the nine exchanges, TradFi perpetuals volume reached $2.1 trillion. Equity perpetuals contributed 77% or $1.61 trillion. Monthly TradFi volume peaked at $793 billion in August. Commodity perpetuals rose through the quarter to $188 billion in September.

Equity Perpetuals

MEXC recorded $117 billion in equity perpetuals volume, equal to a 7.28% market share and the fourth rank, $5 billion behind the third. Trading concentration was high: the top 20 contracts accounted for 88% of total equity perpetuals volume, with the top five at 64%. Memory-chip stocks and ETFs were active, making up seven of the top 20 contracts.

MEXC ranked second in NVDA and SAMSUNG perpetuals and third in SKHYNIX, SOXL, MU, and TSLA. Overall, MEXC placed in the top three for six of the 20 equity perpetuals contracts.

Full report: TokenInsight Crypto Exchange Report, Q3 2026

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About MEXC

Founded in 2018, MEXC is a global multi-asset trading platform offering zero trading fees. It provides access to cryptocurrencies, stocks, tokenized assets, and derivatives, and operates across more than 170 markets.

Risk Disclaimer

This content does not constitute investment advice. Financial markets, including digital assets, tokenized assets, and traditional products, are volatile. Investors should assess market conditions, asset fundamentals, and potential risks before trading.