6 minute read
How Many Users Does MEXC Have? What You Need to Know
from MEXC
by Exness_India
MEXC, a global cryptocurrency exchange launched in 2018, now has over 40 million users. That’s a 33% increase from just five months earlier, when it had 30 million users in December 2024.
This explosive growth places MEXC among the largest crypto trading platforms worldwide, thanks to its low fees, deep liquidity, massive altcoin support, and innovative user incentives. In this article, we break down MEXC’s user growth, what’s driving it, and why millions are choosing this platform for both retail and institutional crypto trading.
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MEXC’s User Base: From 10M to 40M in Just Two Years
Let’s start with the numbers. MEXC reached:
10 million users in early 2023
30 million users by December 2024
36 million users by April 2025
40+ million users by May 2025
This means the exchange quadrupled its user base in just over two years, and added 10 million users in a span of five months. This pace of growth is nearly unmatched in the crypto space, and it reflects strategic expansion through listings, reward programs, and innovation.
MEXC now serves users in over 170 countries, making it one of the most globally accessible exchanges. From Asia to Europe to Latin America, traders continue to flock to the platform due to its ease of use and wide range of offerings.
What’s Fueling MEXC’s Explosive Growth?
MEXC’s rapid user acquisition is not a fluke. It’s backed by smart business strategy and a user-first approach. Here’s what makes the platform a magnet for crypto traders:
1. Ultra-Low Fees and High Liquidity
MEXC is well-known for its zero maker fees on both spot and futures markets. Taker fees range from 0.01% to 0.05%, depending on the trading pair and volume. For active traders, this drastically cuts down transaction costs.
But low fees alone aren’t enough. MEXC also offers high liquidity, which reduces slippage and ensures faster trade execution. Even for small-cap tokens, MEXC maintains tight spreads and deep order books—something retail and institutional investors both value.
2. 3,000+ Cryptocurrencies and Early Listings
If you're into altcoins, memecoins, or trending tokens, MEXC is often the first place to find them. With over 3,000 cryptocurrencies and 2,700+ trading pairs, it has one of the most diverse offerings in the industry.
In May 2025 alone, MEXC listed 214 new tokens, helping drive a 46.7% spike in trading volume. Being early to list new coins attracts users eager to capitalize on fresh opportunities—whether in DeFi, AI, GameFi, or other sectors.
3. Rewarding Users With Airdrops and Bonuses
MEXC doesn’t just attract users—it rewards them. The platform has given away over $136 million in rewards through its 2,000+ airdrop campaigns in 2024.
In May 2025, it ran 58 Airdrop+ events, distributing over 3 million USDT to nearly 40,000 participants. It also offers:
Kickstarter campaigns for new token listings
Launchpad events for early-stage project funding
MX token benefits, including fee discounts and staking rewards up to 60% APR
These incentives give users more than just a trading platform—they get an ecosystem with active participation and real financial upside.
4. A Platform for All Levels of Experience
MEXC has worked hard to make its interface both beginner-friendly and powerful enough for pros.
For beginners:
Clean UI across web, mobile, and even Wear OS
Demo trading with $50,000 test funds
Copy trading from top-performing portfolios
Educational content and live webinars
For advanced traders:
Futures with up to 500x leverage
Leveraged ETFs
Advanced charting and order types
This dual approach—ease of use + advanced tools—broadens the platform’s reach and retention.
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5. Proven Security and Transparency
Security is a major concern for crypto traders, and MEXC performs well here too.
It publishes bi-monthly Proof of Reserves, showing 100%+ coverage for BTC, ETH, and USDT.
There have been no major security breaches since the exchange launched.
It uses cold wallets, 2FA, and anti-phishing features to protect users.
It has a CoinGecko Trust Score of 9, indicating high reliability.
These elements help build confidence, especially among users entering crypto for the first time.
6. Regulatory Awareness and Global Access
While MEXC is not licensed in the U.S., Canada, or Singapore, it operates legally in jurisdictions like Estonia, Switzerland, and Australia. Its KYC policies are flexible:
Optional KYC allows up to 30 BTC/day in withdrawals
U.S. users can access the platform via Palau ID (KYC workaround)
This approach makes MEXC appealing for privacy-conscious users while maintaining enough regulatory compliance to operate globally.
Trading Volume: A Reflection of Active User Engagement
In May 2025, MEXC reported a daily trading volume of $4.1 billion, making it the second-largest exchange by trading volume on CoinMarketCap.
Spot trading volume increased by 143% in 2024
Futures trading grew 118% during the same period
The ETH/USDT pair alone had a 24-hour volume of $403 million
This trading activity is not just noise—it’s a direct result of growing user engagement, liquidity, and token diversity.
Why Traders Choose MEXC: Real User Appeal
Beyond just numbers, MEXC has built a community-driven platform that caters to a wide audience:
Beginners benefit from demo trading, copy trading, and a simple interface
Professionals enjoy deep markets, futures, leveraged ETFs, and fast execution
Airdrop hunters and yield seekers gain from staking, Launchpad, and MX token rewards
Global users find MEXC accessible, even in non-English speaking regions
MEXC also maintains a strong community, with:
2.25 million followers on X (formerly Twitter)
Nearly 200,000 members on Telegram
These channels foster education, token discussions, campaign participation, and real-time support.
Not Without Challenges
While MEXC has a lot going for it, there are still a few hurdles:
Lack of U.S. regulation may deter some traders
Limited fiat support (USD, EUR, GBP only)
No NFT marketplace or options trading yet
Occasional complaints about fund withdrawals (though not widespread)
Still, these issues are minor compared to the platform’s strengths, especially for users focused on low fees, altcoins, and high returns.
What’s Next for MEXC?
With plans to double its workforce to 2,000+ employees, ongoing investment in R&D, and deeper expansion into AI, Web3, and the TON ecosystem, MEXC is positioning itself for long-term success.
Its current momentum—backed by smart listings, aggressive incentives, and user-focused tools—suggests that the user base could surpass 50 million by early 2026.
Final Thoughts: MEXC Is Just Getting Started
MEXC’s growth from 10 million users in 2023 to over 40 million in 2025 is more than just an achievement—it’s a signal of the platform’s rising dominance in the crypto world.
Whether you’re a first-time trader or a crypto veteran, MEXC offers a compelling mix of:
Low fees
Massive token selection
Rewarding engagement tools
High-speed trading
Strong community support
The answer to “How many users does MEXC have?” is simple: Over 40 million—and rising fast.
If you're looking for a platform that combines opportunity, security, and global access, MEXC is a serious contender in today’s crypto exchange landscape.
✅ Trade with MEXC now: Open An Account 👈
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