There has been a gradual convergence between the crypto and traditional finance sectors since tokenization began allowing crypto-native exchanges to offer tokenized equities to users.

MEXC, a leading global cryptocurrency exchange, reported growing interest among traders in tokenized U.S. stocks and ETFs, especially as the crypto market faces a notable drought, with $1.64 trillion lost over the past 385 days.

The report, which covered trading activity for September, showed that traders’ interest was mainly focused on artificial intelligence (AI) stocks and ETFs, which saw trading volume surge 88% compared with their non-AI counterparts, which recorded trading volume growth of around 63%.

According to the report, the…