Crypto Traders Flock to Traditional Stocks Amid AI Gold Rush

A recent surge in trading volume on cryptocurrency exchange MEXC has highlighted the growing trend of crypto traders moving into traditional stocks, particularly those related to artificial intelligence (AI). The data release from MEXC shows that trading volume for its stock futures more than doubled in May, with AI-related darlings like Micron and Nvidia seeing triple-digit percentage growth.

The 1,002% surge in Micron futures on MEXC was accompanied by a 757% rise in futures for SanDisk and a 151% increase for Nvidia. This trend highlights the increasing sophistication among crypto-native investors, who are moving beyond single-stock bets to gain broader exposure.

Crypto platforms like MEXC are streamlining the process of trading U.S. stocks by using USDT, a stablecoin pegged to the U.S. dollar, as the settlement currency. This allows traders to fund their accounts and trade futures on Micron, the S&P 500, or even pre-IPO shares of companies like SpaceX, all from a single wallet without worrying about foreign exchange fees.