Pre-IPO, monetization, real stock. How many paths do encryption users have to participate in US stock
2026In the first half of the year, USU became one of the hottest key words in the encryption industry. Back in the day5The monthMEXCI started off with real American stock tradingBetaVersion, becoming the first encryption exchange within the industry to introduce the functionality. Over and over20,000After the name of the user is validatedSixMonthOneDay is officially onlineReal Stocks, and thenBinanceI don't knowKateAnd then they announced that they were going online. In the meantimeBitgetIntroduction of tokenizationRWAPlatformRealityI don't know. In almost the same window of time, head exchanges collectively extended product lines to the heart of traditional finance。
It is no accident that the interest of encryption users in the US stock has been increasing。SpaceXValuation impulseTwotrillions of dollarsNVIDIAEvery time the financials are on the global screen, these topics are as hot as ever in an encrypted sectionBTCHalve. For a long time, however, encryption users have wanted to participate in the United States stock market, either through traditional coupons or by trading some monetized products on encryption platforms. The former are costly in terms of friction, while the latter consistently lack core equity in real stocks。
MEXCThe approach is not to limit itself to a particular programme, but to build a three-tiered product matrix:Pre-IPO LaunchpadI'm going to pay you a visitReal StocksThe three layers cover the complete path of encryption users to participate in the US stock market。
First tier: access to scarce assets window
SpaceXEstimated valueTwoTen hundred billion dollarsOpenAIandAnthropicIt is also at the centre of listing expectations. But in traditional financial markets, ordinary investors areIPOThere had been little access to participation before. The share of the first-tier market is reserved for institutional and high net value customers, and the bulkers usually have only to wait until they are listed before having an opportunity。
MEXCPassPre-IPOThe product opened a window. HereSpaceXFor example, users can useLaunchpadParticipating in requisitions, participating in price discovery before the company is officially listed. This is essentially an economic convertible, not a real stock holding, and users do not enjoy shareholder rights. But its significance is that, for the first time, an encrypted exchange has stretched its tentacles to the top asset targets of traditional finance。
For encrypted users2026Over the years, the technology giants may be concentratedIPOIn the backgroundPre-IPOThe value of the product will be further enhanced. This layer of product, although still distant from the US stock, addresses the central issue of having encrypted users participate in the world ' s greatest asset target at the earliest possible window。
Second level: participation in the U.S. stock by encrypted original
ComparePre-IPOProducts, monetized stocks and United States stock contracts are more recent forms of participation。
MEXCIt's a monetized stock that trades like a userTokenSame dealNVIDIAI don't knowTeslaIt will be ready to be traded 24 hours a day. These tokens are usually used by third-party issuersOne:1The price of the real stock is fixed and the user holds the economic interest represented by the chain token. The USE contract provides derivative side tools to support leverage trading, and encryption users are already familiar with the operating logic of such products. In combination, users can already participate in US stock price fluctuations in a fully encrypted form。
This is also the focus of most players in the current industry。BitgetYesRealityPlatform issue tokenization unitRWAAssets, first call30Only stocks and planned expansion to100Just。OndoIt's not like we're going to have to deal with itKateEarlyxStocksThe product also follows the monetization route. These products reduce participation and provide a good trading experience, but the common border is also clear, i.e. users do not buy real shares and do not enjoy equity and dividends。
On this levelMEXCIt's also a complete tool for dollarization and contractual transactionsMEXCThere's no stopping here。
Level three: real stock, zero
2026YearSixMonthOneI don't knowMEXCOfficially onlineReal StocksI don't know. This is the most critical step in the three-tiered product matrix, and it is a step towards creating a substantive gap with most of the American stock products in the industry。
Co-operative couponsAtomic Vaults, the user canMEXCThe platform directly deals with real United States-listed company shares。Atomic VaultsAmericaFINRAHoldbroker-dealerbyPeter ThielYesFounders FundandCathy WoodYesArk InvestInvestments to provide clearing and hosting services for global financial institutions, vouchers and digital asset platforms。
Real StocksThe essential difference from the first two tiers of products is that users hold real equity assets, have dividends where applicable, and the liquidity of transactions comes from the original market of the United States stock exchange. In short, it is not an economic convertible, it is not a chain map of tokens, it is not a contractual position, but a real American stock that is purchased through holders of vouchers。
The differences between the three layers of products can be summarized in a table:
In the trade experienceReal StocksThe low friction feature of the encryption platform continues. User UseUSDTMoneyOne:1No exchange losses, familiarMEXCCompletion of the list within the interface, to be covered by tradable targetsNYSEandNasdaqOver7,000Stock only andETFI don't know. Most crucially, the platform will be traded at zero charges during the current go-live period. The product is inBetaIt's over20,000The official version has further optimized the transaction process and product experience on the basis of the certification of a named user。
It’s the same thing as other exchangesReal StocksThe transactional function is currently the most perfect and completeKINGLine charts and wiring tools, stock filters, data flows, and stock-related information. In contrast to traditional routes, encryption users who want to buy American shares through traditional coupons need to experience a series of frictions such as cross-border transfers, currency exchange, multi-tier commissions, which are inefficient in terms of liquidity, experience and encryption transactions. This is not the caseReal StocksThe operating logic of encryption user habits was preserved, while real equity interests were held in the same way as traditional investors。
In addition to the product experienceMEXCA number of activities were launched to reduce participation:SpaceXAirdrops2010,000USDTThe United States dollar equity pool, as well as real-time performance subsidies, help users complete the full process of learning about participation at lower cost。
Competition patterns and differences
It's almost the same timeBinanceandKateThey also have their own real American stock trading products online. While there has been a gradual convergence in product patterns, there are still different paths to tariff strategies, infrastructure options and details of user experience。
Rates are the most directly perceived differences among users. HereBinanceFor example, transactions are collected0.10%(minimum)$0.35per item, time-limited activity rate0.05 per centThe actual cost of small transactions is not low, and the difference between large transactions is more pronounced。KateRate followedVIPLevel, same as spot transaction ratesVIP0The spot rate is0.1%I don't know。MEXCThe introduction of a full zero rate (i.e., zero commission and platform fees) in the current go-live phase is the most favourable tariff strategy in the real-American stock exchange。
It's not like I'm going to have to do anythingBinanceandKateSelectionAlpaca SecuritiesI don't knowMEXCI choseAtomic Vaults SecuritysAs a partner. Differing choices in the voucher infrastructure also leave different space for subsequent product expansion paths。
In additionMEXCThere is also a more fundamental difference in the complete coverage of three layers of products. Platforms that only monetize lack real stock capacity and platform that only do real stockPre-IPOAnd contractual instruments。MEXCAlso availablePre-IPOProducts, tokenized shares and United States stock contracts, and real American stock spottings, three layers of products correspond to three scenarios, which constitute complete access from indirect participation to real ownership。
In generalMEXCIn this round, at a full zero rate, to be followed20,000+UserBetaValidation of product maturity, andPre-IPOThe three layers of full coverage to the real American stock were the first to build their own pre-emptive advantages。
Concluding remarks
FromPre-IPOThe product goes to the dollar-based stock and equity contractsReal StocksI don't knowMEXCThe U.S. stock product matrix completes the entire path from far to near. Three layers work independently, but together, they point in the same directionI don't knowThis is the first time that a user of encryption has completed its full participation in the US stock market in a platform。
2026The market is considered a fair shareIPOIt's the New YearSpaceXI don't knowOpenAII don't knowAnthropicIt's all about listing. Overwrite simultaneouslyPre-IPOThe channels of participation, the monetized trading tools and the real American trading capacity are just the entry points of this wave of opportunities. The next thing that really determines the pattern of competition is who can get encrypted users on a platform to walk the entire journey from encrypted assets to global assets。
Disclaimer
This paper is for information purposes only and does not constitute any investment proposal. The transaction involves risks, and professionals are consulted before any investment decision is made. Some exchange-based U.S. equity-related services are available only to users in specific jurisdictions, and some countries or areas may not be accessible due to local legal and regulatory constraints. In addition, past performance does not represent future returns and all investments involve risks, including potential principal losses。
