MEXC | Crypto

MEXC's Tracy Jin says regulatory clarity and market maturity are powering a new era of crypto IPOs, with Circle and Gemini leading the charge. The once-scrappy world of digital assets has grown into a sector defined by structured governance, audited financials, and scalable revenue models. Exchanges that began as weekend experiments now resemble traditional financial institutions, complete with compliance teams, investor relations departments, and long-term capital strategies. “We are now IPO-ready,” MEXC chief operating officer (COO) Tracy Jin told Cointelegraph. On June 5, Circle, the issuer of the USDC (USDC) stablecoin, raised $1.1 billion in its public debut, exceeding expectations and marking a record-setting 167% gain on its first day of trading. Read more

MEXC chief operating officer Tracy Jin said the fraud was primarily caused by social engineering scams targeting new, uneducated users. The MEXC crypto exchange observed a 200% quarter-over-quarter surge in fraudulent trading activity between January and March 2025, it said in its quarterly report. According to the exchange, 80,057 organized fraud attempts from over 3,000 fraud syndicates were identified in Q1. The fraudulent activity included market manipulation, wash trading, and automated trading bots exploiting users through “unfair” trading execution. MEXC said that the rise in fraud was most pronounced in India, with the exchange flagging nearly 27,000 accounts for suspicious activity, followed by the Commonwealth of Independent States (CIS) region and Indonesia, which had 6,404 and 5,603 accounts flagged, respectively. Read more