MEXC captures 17.43% share in commodity perpetuals

MEXC ranked second 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 exchange recorded $86 billion in commodity perpetuals trading volume during the period, a figure that was roughly twice that of the third-ranked exchange. Together, MEXC and Binance accounted for approximately three-quarters of the commodity perpetuals market.

Commodity Perpetuals Performance

The report, dated November 2, 2026, examined 20 exchanges, with 11 selected for in-depth analysis based on market share, trading volume, and open interest. Within the commodity perpetuals segment, gold (XAU) dominated the market, accounting for 51% of total trading volume. Gold, silver (XAG), and WTI crude oil collectively represented 91% of the segment’s activity.

MEXC placed in the top three for six of the eight commodities examined in the report. The exchange ranked second in gold, silver, Brent crude (BZ), copper, and platinum (XPT) perpetuals. It also ranked third in palladium (XPD) perpetuals. MEXC’s total trading volume for Q3 2026 reached $1.069 trillion, ranking fourth among the exchanges covered. Its overall market share stood at 8.91%, an increase of 0.38 percentage points from the previous quarter, which marked the third-largest increase among major exchanges.

TradFi and Equity Perpetuals Share

TradFi perpetuals accounted for 17.38% of MEXC’s derivatives trading volume in Q3, the third-highest proportion among the nine exchanges tracked. Binance held the highest proportion at 26.25%, followed by Bitget at 22.06%. MEXC was one of five exchanges where TradFi perpetuals represented more than 10% of derivatives trading volume, alongside Binance, Bitget, OKX (15.76%), and Gate (12.32%).

Across the nine tracked exchanges, TradFi perpetuals reached $2.1 trillion in Q3 trading volume. Equity perpetuals made up 77% of this total, amounting to $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.

In the equity perpetuals segment, MEXC recorded $117 billion in trading volume, representing a 7.28% market share and ranking fourth among the nine exchanges. This volume was $5 billion behind the third-ranked exchange. Trading in this segment was concentrated, with the top 20 equity contracts accounting for 88% of total volume and the top five representing 64%. Memory-chip stocks and ETFs accounted for seven of the top 20 contracts.

MEXC ranked second in NVDA and SAMSUNG perpetuals and third in SKHYNIX, SOXL, MU, and TSLA perpetuals. Overall, the exchange placed among the top three in six of the 20 equity perpetuals contracts. MEXC’s total derivatives trading volume for the quarter was $963 billion, representing a 9.67% market share. MEXC, Binance, OKX, and Bybit together accounted for approximately 70% of the derivatives market.