On May 1, 2025, MEXC Ventures, the investment arm of the MEXC cryptocurrency exchange, announced a $300 million Ecosystem Development Fund. The fund aims to boost blockchain innovation and ecosystem growth over five years. The announcement was made at Token2049 in Dubai on April 30, coinciding with MEXC's 7th anniversary.
MEXC plans to support early-stage technologies, public chains, wallets, and decentralized tools. This initiative marks MEXC's shift from a user-focused exchange to a key player in blockchain infrastructure. The fund will establish a cooperation model connecting businesses with the MEXC ecosystem.
MEXC has already invested $16 million in Ethena and purchased $20 million worth of USDe. Joint campaigns with Ethena have driven user engagement, with ENA showing up to $15 million in trading volume in the past 24 hours. MEXC aims to expand its role beyond a trading venue, enhancing the crypto environment for businesses and investments.