Crypto isn’t ‘run from garages’ anymore: MEXC’s Tracy Jin on IPO boom

MEXC’s Tracy Jin says regulatory clarity and market maturity are powering a new era of crypto IPOs, with Circle and Gemini leading the charge.

The once-scrappy world of digital assets has grown into a sector defined by structured governance, audited financials and scalable revenue models.

Exchanges that began as weekend experiments now resemble traditional financial institutions, complete with compliance teams, investor relations departments, and long-term capital strategies. “We are now IPO-ready,” MEXC chief operating officer Tracy Jin told Cointelegraph.

On June 5, Circle, the issuer of the USDC (USDC) stablecoin, raised $1.1 billion in its public debut, exceeding expectations and marking a record-setting 167% gain on its first day of trading.

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