MUTSAMUDU, Comoros, Oct. 9, 2026 /CNW/ — MEXC,a pioneer in 0-fee digital asset trading, and Payward, the parent company of Kraken, shared their perspectives on the convergence of crypto and traditional finance during a TOKEN2049 Singapore panel. MEXC CEO Vugar Usi Zade and Payward Co-CEO Arjun Sethi, discussed how broader market access, retail demand and collaboration between platforms could shape the future of global trading.

Crypto and TradFi Move Closer Together

An important theme was the shift toward more connected, always-on markets. Vugar said blockchain infrastructure is challenging traditional market structures built around fixed trading hours, while users increasingly expect access to different asset classes through a more seamless experience.

“Over the next five years, we’ll see a convergence toward a singular platform where asset classes and investments can move quickly and smoothly,” said Vugar. “Retail will be the main driver.”

Arjun highlighted the infrastructure challenge behind this shift, noting that 24/7 trading is ultimately about bringing assets and collateral into a more connected financial environment.

“24/7 trading really means: how do you bring all that collateral into one place?” said Arjun.

Collaboration Over Competition

Both speakers also highlighted collaboration as an important part of scaling the next generation of global trading platforms.

Arjun noted that serving a much larger global user base will require platforms to work with partners that bring different strengths in their respective markets, explicitly pointing to MEXC as one such example.

“The only way to do that is to partner with folks, including MEXC, to be able to help succeed in their core markets,” said Arjun.

Vugar similarly emphasized that exchanges can increasingly build on one another’s strengths rather than approach every opportunity purely through competition. MEXC brings a retail-first approach, deep liquidity and broad experience in perpetual markets across crypto and TradFi assets, while Payward brings global financial infrastructure, professional trading capabilities and strong market experience in the United States.

The discussion built on the two companies’ earlier indication that they are exploring broader collaboration, with both executives pointing to infrastructure, market access and distribution as areas where greater connectivity between platforms could create value.

Trust and access were also highlighted as essential foundations for this evolution. Vugar described trust and access as two of the most important elements in building future financial platforms, while Arjun emphasized the importance of transparency as the industry becomes more connected.

The panel pointed to a future in which crypto and TradFi become increasingly connected, with collaboration between platforms helping bring together market access, infrastructure and user reach to serve a broader global audience.

About MEXC

Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.

With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

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DELRAY BEACH, Fla., Oct. 9, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Ride Sharing Market is projected to reach USD 317.47 billion by 2033, from USD 170.56 billion in 2026, at a CAGR of 9.3%.

Browse 241 market data Tables and 60 Figures spread through 301 Pages and in-depth TOC on “Ride Sharing Market”

Ride Sharing Market Size & Forecast:

Market Size Available for Years: 2022-20332026 Market Size: USD 170.56 billion2033 Projected Market Size: USD 317.47 billionCAGR (2026–2033): 9.3%

Ride Sharing Market Trends & Insights:

The B2C segment is expected to hold a larger share of the ride sharing market by business model in 2026.Micro-mobility is expected to register the fastest growth by vehicle type during the forecast period.Europe is projected to record the second-fastest growth in the ride sharing market during the forecast period.

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The ride sharing market is driven by a shift from occasional ride booking toward high-frequency, platform-based mobility consumption. Growth is coming from both a larger user base and more trips per user. In addition, the expansion of the addressable trip pool also supports the growth of ride sharing market. Platforms are adding lower-cost products, premium services, scheduled mobility, corporate transportation, and specialized passenger services, allowing the same platform to capture different trip occasions and income segments.

Ride sharing demand is expanding through higher trip frequency and broader platform usage.

Uber recorded 3.9 billion trips in Q2 2026, up 18% year over year, while monthly active platform consumers increased 16% to 208 million. Importantly, trips per monthly active consumer also increased 2%, indicating that growth is being supported not only by adding users, but also by greater usage of ride sharing among existing customers.DiDi recorded 13.74 billion China Mobility transactions in 2025, up 10.8% from 2024, while its international transactions increased from 3.61 billion to 4.51 billion, up 24.7%. This reflects continued expansion of ride sharing demand across both established and international markets.Lyft completed 945.5 million rides in 2025, up 14%, while annual riders reached 51.3 million. Product expansion into family mobility, premium ground transportation, and other multimodal services is allowing platforms to capture travel occasions that extend beyond conventional daily ride hailing.

Ride sharing is being shaped by deeper usage within existing markets and faster expansion into new mobility demand pools. Higher trip frequency is encouraging platforms to improve vehicle utilization, while international expansion is opening additional transaction pools beyond mature markets. At the same time, broader service offerings are allowing platforms to address different travel requirements, from daily commuting and airport travel to corporate mobility, family transportation, and short-distance urban trips. This is pushing the industry from a single service model toward multi-use mobility platforms, where growth depends on increasing the number of travel occasions captured per user and expanding access across cities, customer segments, and transport modes.

The B2C segment is expected to hold a larger share of the ride sharing market by business model in 2026.

The B2C business model holds the largest share of the ride sharing market, as individual consumer e-hailing and short-distance commuting generate a high volume of daily ride requests across urban markets. The growth of this business model is further supported by the rising total cost of personal vehicle ownership, including vehicle purchase, fuel, maintenance, insurance, parking, and depreciation, making ride sharing an increasingly practical option for consumers who use private vehicles less frequently. In emerging economies, two-wheelers and three-wheelers are gaining traction within B2C services because of their lower fares, lower operating costs, and suitability for short-distance trips in congested cities. Alternatively, smaller mobility formats are also emerging, including pedal-assisted and electric tricycles in parts of Europe and three-wheeled mobility services in North America, although their role remains more localized than conventional passenger cars. Moreover, electrification is further reshaping the B2C model, as the higher initial cost of EVs can be offset by lower energy and maintenance expenses, particularly for vehicles with high daily utilization, resulting in a faster return on investment over the vehicle lifecycle. Thus, B2C ride sharing is expected to continue evolving in the coming years, expanding beyond conventional passenger car e-hailing toward a more cost-efficient, multi-vehicle mobility model that addresses diverse consumer trip needs.

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Micro-mobility is expected to register the fastest growth by vehicle type during the forecast period.

Micromobility, including shared e-bikes and e-scooters, is expected to register strong growth in ride sharing as demand increases for affordable and convenient short-distance mobility beyond conventional car-based services. These vehicles are well-suited for first-mile and last-mile connectivity, internal movement within gated communities, residential townships, universities, corporate campuses, industrial parks, and large commercial premises. App-based sharing models are also expanding within B2B and controlled environments such as special economic zones, business hubs & IT parks, and industrial areas, among others, allowing organizations and property developers to provide dedicated fleets while users can locate, unlock, and pay for vehicles digitally. In Asia Pacific, companies such as Yulu and Zypp Electric are expanding electric two-wheeler use across urban and commercial applications, while in Europe, companies like Lime & Dott operate shared e-bikes and e-scooters across major cities across Europe. In North America, Lime and Bird have established shared micromobility services across multiple cities, supporting short urban trips and first-mile and last-mile connectivity. Hence, the increasing use of shared e-bikes and e-scooters across residential communities, workplaces, transit hubs, and urban centers is expected to strengthen micromobility adoption as an efficient solution for short-distance travel.

Europe is projected to record the second-fastest growth in the ride sharing market during the forecast period.

Europe is expected to record the second-fastest growth in the ride sharing market. E-hailing and station-based mobility are the most prominent services, with taxi and ride hailing platforms remaining important for point-to-point travel. Shared bikes, e-bikes, and e-scooters are expanding as complementary modes for first-mile and last-mile journeys. Electric propulsion is gaining a stronger position, particularly in high-utilization urban fleets, as cities introduce low-emission requirements and operators improve access to charging. For instance, Freenow completed 51% of European trips in electrified vehicles in 2025. By vehicle type, passenger cars remain central to e-hailing and car sharing, while e-bikes and e-scooters are gaining traction for short trips, particularly within dense city centers and as connections to rail and metro networks. Consequently, short-distance trips are becoming an important growth pool, whereas passenger car-based services continue to address longer urban and intercity journeys, airport travel, and trips where public transport is less convenient. In addition, there is integration of ride sharing with public transport and MaaS platforms, supported by cities moving toward regulated parking, designated micromobility zones, data sharing, and long-term operator partnerships. Europe’s ride sharing market is also seeing stronger corporate mobility solutions as businesses shift employee and business travel toward centrally managed digital mobility platforms. Autonomous e-hailing is also moving from testing toward commercial deployment, with robotaxi services launched in Zagreb and planned deployments in Madrid, Zurich, and Munich, indicating a growing pathway for autonomous ride sharing across European cities. Overall, Europe’s growth is being supported by the convergence of electrification, micromobility, multimodal integration, corporate mobility, and emerging autonomous e-hailing, creating multiple growth avenues beyond conventional ride hailing.

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Top Companies in Ride Sharing Market:

The Top Companies in Ride Sharing Market Maruti DENSO Corporation, MAHLE GmbH, Valeo SA, Hanon Systems, BorgWarner Inc., Gentherm Inc., Schaeffler AG, Johnson Electric Holdings Limited, Dana Incorporated, Robert Bosch GmbH.

Ride sharing market – Investment and Funding Scenario

Investment and Funding Context

Investment and funding activity in the ride sharing market is concentrated on autonomous mobility, strategic geographic expansion, fleet technology, and new mobility models, rather than large-scale investment in conventional ride hailing capacity. In July 2025, Lyft acquired FREENOW, expanding into nine European countries, while Grab committed strategic investments in autonomous mobility companies including WeRide and Vay to support robotaxi, autonomous shuttle, and remote driving deployment. In March 2026, Uber announced an investment of up to USD 1.25 billion in Rivian through 2031, for the planned deployment of autonomous R2 robotaxis, indicating that capital is shifting toward technology-enabled fleet models and partnerships with vehicle and autonomous driving companies. Overall, funding is being directed toward autonomous vehicles, EV-based fleets, platform expansion, fleet management technology, and strategic partnerships, creating investment opportunities across vehicle manufacturers, autonomous driving providers, fleet operators, charging infrastructure, and mobility technology providers.

Revenue Shift Context

The revenue pool in the ride sharing market is shifting from basic trip commissions toward higher-value services, platform monetization, and technology-enabled mobility. Traditional revenue remains tied to passenger fares and platform commissions from e-hailing, car rental, and car sharing, but additional revenue is emerging from corporate mobility, subscriptions, advertising, financial services, fleet management, and partnerships with EV and autonomous vehicle providers. Ride-sharing platforms are also expanding beyond individual trip transactions by integrating multiple mobility options into a single platform, allowing them to capture revenue across different stages of a customer’s journey. At the same time, autonomous vehicles can change the economics of the market by reducing the dependence on driver-supplied capacity and creating new revenue structures around robotaxi operations and fleet services. Going forward, revenue growth is expected to come increasingly from higher monetization per user, broader mobility offerings, technology-based services, corporate accounts, and autonomous and electric fleet ecosystems, rather than only from increasing ride volumes.

Mergers & Acquisitions (M&A)

Mergers & acquisitions in the ride sharing market are increasingly focused on geographic expansion, multimodal mobility, technology access, and fleet capabilities, rather than simply increasing ride volumes. Consolidation enables platforms to enter new cities and countries faster, acquire established customer and driver networks, and strengthen local operating capabilities without building these networks entirely from the ground up. Acquisitions and strategic combinations also provide access to autonomous driving, fleet management, mapping, payment, booking, and mobility integration technologies, reducing internal development time and expanding the range of services offered through a single platform. At the same time, M&A can strengthen access to vehicle fleets, taxi networks, car sharing operations, and corporate mobility customers, while creating opportunities to combine multiple mobility services under one digital ecosystem. M&A activity is expected to focus increasingly on technology-enabled mobility, autonomous fleets, multimodal platforms, geographic expansion, and fleet access, making consolidation an important route for ride-sharing companies seeking broader service coverage and higher revenue per user.

RIDE SHARING MARKET: MERGERS & ACQUISITIONS, OCTOBER 2025–MAY 2026

Company Revenue Share Details

The top five players are estimated to account for a significant share of the ride sharing market, indicating a concentrated but highly competitive market structure across major platforms. Leading companies such as Uber, DiDi, Lyft, Grab, and Bolt benefit from large user and driver networks, broad geographic coverage, strong brand recognition, established payment infrastructure, and high booking volumes that create network effects and strengthen their market positions. Their scale also enables investment in pricing technology, driver management, mapping, safety systems, fleet partnerships, and multimodal mobility services. At the same time, regional platforms and local operators remain important because licensing requirements, local transport regulations, payment preferences, and operating models vary substantially across countries. This creates a market where global platforms compete alongside strong regional players, with network density, geographic reach, technology capabilities, regulatory access, and service diversification becoming key factors influencing competitive positioning.

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OXFORD, England, Oct. 9, 2026 /PRNewswire/ — As Artificial Intelligence increasingly integrates into society, leaders across industry, government, and civil society face critical questions on how to unlock its value practically, responsibly, and sustainably. They must also weigh difficult decisions that will shape the trajectory of AI, from how it is impacting the economy, jobs and skills to geopolitics and how we safeguard critical thinking and human agency.

Returning as a landmark annual Summit, the Oxford Generative AI Summit (‘OxGen AI Summit’), hosted by OxGen AI Limited, will take place on 15–16 October 2026, at the Cheng Kar Shun Digital Hub, a state-of-the-art venue at Jesus College, University of Oxford.

The Summit will gather over 200 in-person global leaders spanning business, government, academia, and the media for high-level, cross-sector dialogue. Designed as an intimate two-day event, it will feature keynotes, panel discussions, and fireside chats led by distinguished global leaders exploring the practical adoption, societal impacts, and future of AI.

The Summit will convene over 70 global expert speakers from across industry, government, academia, and media. Confirmed speakers include The Honourable Dr Kevin Rudd AC (Global President & CEO, Asia Society; 26th Prime Minister of Australia), Rt Hon George Osborne CH (Managing Director & Head of OpenAI for Countries, OpenAI), Sir John Lazar CBE FREng FBCS (President, Royal Academy of Engineering), Kenneth Cukier (Deputy Executive Editor, The Economist), Baroness Beeban Kidron (Member, House of Lords; Founder, 5Rights Foundation), Rebecca Finlay (CEO, Partnership on AI), Sharon Doherty (Chief People & Places Officer, Lloyds Banking Group), Jeremy Kahn (AI Editor, Fortune), Bryan Tsao, (Chief Product Officer, Legora), Daniele Magazzeni (Group Chief AI Officer, UBS), Danielle Belgrave (VP of AI & Machine Learning, GSK), alongside leading Oxford researchers including Professor Sir Nigel Shadbolt, Carl Benedikt Frey, Professor Xiaolan Fu FAcSS, Prof. Philip Torr FREng FRS, and Professor Lord Tarassenko CBE FREng FMedSci, among others.

The agenda is structured around two core tracks: Practical AI Adoption: Exploring how AI can benefit industry and society, and how leaders are harnessing agentic AI to unlock enterprise value. Societal Impacts of AI: Addressing the profound present and future societal footprint of AI, including its impacts on jobs, skills, and the economy; geopolitics; truth, trust, and critical thinking; and other important topics.

“The Summit is the foremost forum convening multi-stakeholder leaders to examine and share their approaches to AI adoption in practice, responsibly and at scale, while also addressing its profound societal implications. Together, they discuss and debate the most pressing topics in AI that will shape our shared future,” said Cassidy Bereskin, Founder of OxGen AI. “We are honoured to welcome preeminent global leaders to Oxford and to provide a space for meaningful cross-sector dialogue on the future of AI and society.”

“It is rare to have industry, government and academia in one room thinking hard about the real impact of AI. The OxGen AI Summit provides precisely the diverse forum that legal technology needs at this time. Legora is proud to be the Platinum Sponsor of OxGen26,” said Adamantia Velonis, Director of AI Transformation & Applied Research, Legora.

“I’m honoured to be a speaker at the Oxford Generative AI Summit again this year, representing Razorfish, bringing our perspective into the room and — as always — leaving with a sharper one,” said Cristina Lawrence, Chief Social & Innovation Officer, Razorfish.

“Many of the most consequential ideas in AI emerge where research, policy, and industry meet. Salesforce Ventures is proud to support OxGen as it convenes that community in Oxford, and we look forward to meeting the founders and researchers shaping what comes next,” said Brian James Murphy, Head of Data Science and Technology, Salesforce Ventures.

For registration and additional information about the Oxford Generative AI Summit 2026, please visit the official website at oxgensummit.org.

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