Trading: Have 74.2% of Traditional Traders Really Shifted to Crypto?

Communicating vessels. According to a survey presented by MEXC in a report published with CoinGecko, 74.2% of respondents who have previously used traditional financial markets claim to have transferred some or all of their trading activity to crypto platforms. Limited hours and fees from traditional brokers are among their main frustrations. However, this result is based on a sample already close to the crypto universe and does not allow us to conclude a general shift of investors to exchanges, but let’s still examine its insights.

Key Points {#h-key-points}

• The survey gathered 6,185 responses, including 2,874 from users with experience in traditional finance.
• Among these, 74.2% report having moved some or all of their activity to crypto platforms.
• Limited hours are cited by 58.8% of respondents, and high fees by 54.7%.
• MEXC is developing a range that combines tokenized stocks, derivatives, and access to certain pre-IPO or IPO operations.

The report published by CoinGecko is based on 6,185 responses collected in 13 languages. Among the participants, 2,874 indicate they have previously used traditional financial products. It is within this subgroup that 74.2% say they have transferred at least part of their trading activity to crypto platforms.

The figure is therefore accurate, but its scope needs to be clarified. It measures the practices of the respondents, not those of all holders of stocks, currencies, or commodities. The public presentation does not sufficiently detail the recruitment of participants, their geographical distribution, or any potential statistical weighting to consider the panel representative.

Nevertheless, the responses remain informative. Limited opening hours annoy 58.8% of the concerned participants, while 54.7% cite high fees. Conversely, 64.7% present permanent access to markets as a reason for choosing a crypto platform, and 53.8% highlight more competitive fees.

This data directly accompanies MEXC's commercial campaign. It should therefore be read as a study published by an actor who precisely sells the services highlighted. Useful precision: MEXC does not have PSAN status in France and has been on the AMF blacklist since June 2024, which advises against its use by French residents.

Crypto Platforms Expand Their Playground {#h-crypto-platforms-expand-their-playground}

MEXC now brings together under one banner several products related to traditional markets. Its offering includes contracts on companies before their IPO, programs related to IPOs, tokenized stocks, products presented as providing access to real securities, as well as futures contracts on stocks.

These categories are not equivalent. Buying a derivative product allows exposure to the rise or fall of a price but does not necessarily grant ownership of a stock or the associated rights. MEXC also specifies that fees, hours, and availability of its products vary by region.

However, the trend goes beyond this single platform. Kraken has acquired NinjaTrader for $1.5 billion, while Robinhood distributes tokenized stocks to its European clients. Conversely, Nasdaq is working on the settlement of securities in tokenized form, and the CME now offers certain crypto contracts continuously, seven days a week.

The convergence between crypto platforms and traditional markets is indeed well underway. The MEXC survey illustrates the motivations behind this, without demonstrating a massive exodus of investors from Wall Street.