Key Takeaways:
- MEXC reported 7.1 billion USDT in SpaceX futures volume for Q2 2026
- CEO Vugar Usi is restructuring operations and product offerings
- The figure signals demand for crypto derivatives tied to non-crypto assets
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MEXC logs 7.1 billion USDT in SpaceX futures as CEO reshapes exchange
MEXC logged 7.1 billion USDT in SpaceX futures trading volume during the second quarter, the exchange said July 14, as Chief Executive Officer Vugar Usi pushes forward with a restructuring of the platform.
"The Q2 numbers reflect growing demand for event-linked derivatives among both retail and institutional users," a MEXC spokesperson said in the report. The exchange did not disclose total platform-wide volume for the period.
The SpaceX futures contract lets traders speculate on the valuation and milestones of Elon Musk's space venture using crypto collateral. The product accounted for a significant share of MEXC's derivatives activity as the exchange expands beyond traditional crypto pairs into equity-linked and event-based contracts.
The 7.1 billion USDT figure gives MEXC a stronger position against larger rivals Binance and OKX in the derivatives segment. Under Usi, who took over earlier this year, the exchange has prioritized product innovation and operational changes to capture market share in a competitive landscape where exchanges are racing to differentiate through novel contract types.
MEXC's Q2 report is the first public disclosure of segment-level volume since Usi's appointment. The CEO has moved to streamline token listings, enhance liquidity management and introduce derivative products that bridge crypto and traditional markets.
The SpaceX contract is among a handful of non-crypto derivatives MEXC has launched recently. These products let users gain exposure to private company performance through crypto-collateralized positions, a category drawing interest from traders seeking diversification beyond digital assets.
MEXC did not provide prior-period comparisons or disclose whether the volume was concentrated among retail or institutional participants. The exchange said it plans to publish additional operational metrics in future quarterly reports.
This article is for informational purposes only and does not constitute investment advice.
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