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MEXC, the Seychelles-headquartered digital asset exchange, has claimed the top position for Tether Gold (XAUT) perpetual trading volume globally, according to data from multiple third-party platforms including CoinMarketCap and CoinGecko.
The ranking comes against a backdrop of rising interest in tokenised gold assets, with spot gold prices reaching new all-time highs in early 2026. As traditional commodity markets attract renewed attention from investors, demand for blockchain-based equivalents such as XAUT, a token backed by physical gold and issued by Tether, has grown accordingly.
CoinGlass data indicates that MEXC's cumulative XAUT perpetual volume has reached $3.43 billion, placing it ahead of competing exchanges in this specific market segment. The figures reflect both 24-hour and total volume metrics, with CoinMarketCap and CoinGecko independently confirming MEXC's lead in daily XAUT perpetual trading activity.
The exchange is running a promotional event titled the "Commodity Zero-Fee Gala" from 5 February to 7 March 2026 (UTC), which offers zero-fee trading on a range of tokenised commodity pairs. Eligible instruments include XAUT, PAXG, SLVON, GOLD (XAUT)/USDT, and SILVER (XAG)/USDT. The initiative is accompanied by a prize pool of up to $1 million across multiple reward categories.
MEXC's positioning in real-world asset (RWA) trading has been a deliberate strategic focus, with the exchange expanding its commodity-linked token offerings in line with broader industry interest in bringing tangible assets on-chain. The RWA sector has seen increasing institutional and retail participation over the past year, driven in part by regulatory clarity in certain jurisdictions and growing familiarity with asset-backed tokens.
Founded in 2018, MEXC is a digital asset exchange serving over 40 million users across more than 170 countries. The exchange is known for its zero-fee trading model and broad token selection.
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