#What is MEXC's RealStocks?
MEXC has taken a notable step by launching RealStocks, allowing users to buy actual stocks using stablecoins. This product enables eligible participants to purchase genuine equity shares from companies listed on the NYSE and NASDAQ, rather than relying on synthetic or tokenized variations. This means users enjoy full ownership rights, including dividends.
#How Does RealStocks Operate?
RealStocks allows users to trade within the familiar MEXC interface while utilizing USDT for transactions. Users can purchase shares from over 100 US-listed firms with trading aligned to NASDAQ market hours. Active trading takes place during operational hours, while users must wait during off hours. Additionally, MEXC has opted to waive all platform trading fees during the initial launch period, providing a significant incentive for over 40 million existing users to explore this new venture into equities.
#What Motivated a Crypto Exchange to Offer Stock Purchases?
Many crypto enthusiasts face significant difficulties accessing the US equity markets, including issues related to currency conversion and regulatory requirements. MEXC's CEO has described RealStocks as a strategic initiative designed to integrate cryptocurrency users into traditional equity markets. This move comes at a time when MEXC anticipates a surge in public offerings, making it imperative to bridge these two financial realms. To incentivize participation, MEXC is offering promotions such as an airdrop and a sizeable trading prize pool.
#How Does MEXC Compare to Other Platforms?
MEXC is not the first crypto exchange to venture into stock trading. Previous attempts by platforms like FTX and Binance either faced regulatory challenges or were discontinued. MEXC differentiates itself by facilitating access to real shares through a broker, ensuring that users have legitimate equity positions. However, it is essential for potential users to understand the custody of their assets, especially given the nature of MEXC's primary business in digital assets.