- Crypto exchange MEXC’s average daily trading volumes have displayed an increase of 1,200%.
- This growth can be due to the expansion of MEXC’s contract business which propelled its daily trading activity.
- Earlier this month, MEXC launched its “Zero Maker Fee” event.
The plummeting crypto deep freeze has caused several large and seemingly stable organizations to fall through. Yet, amid these turbulent market conditions, MEXC, a customer-facing and product-dense crypto exchange, has seen its average daily trading volumes reach an increase of 1,200%.
According to a recent report released by a crypto news outlet, this surprising surge can be attributed to the growth of MEXC’s contract business which propelled its daily trading activity. It is also notable that this growth is on the heels of news that MEXC has become the sphere’s top liquidity provider.
Interestingly, this marked increase in trading activity is at a time when the crypto market struggles against a deluge of selling pressure. In the past few months, Bitcoin and crypto prices have seen valuation drop by more than half. This contraction has adversely impacted DeFi and NFTs trading volumes. Their reverberation has seen traders and investors scamper for safety, preferring to tighten their purse strings in response.
MEXC’s market strategy, at least so far, has been in favor of its community. This is evidenced by the “Zero Maker Fee” event that MEXC launched on December 1, to reassure its members. The event is among many that the organization regularly holds to spur activity and also to reward loyalty. MEXC has consistently held Futures M-Day, Super X-Game, Contract Carnival Week, and other user-friendly activities, distributing deserved rewards and bonuses to clients.
The team at MEXC states that its “Zero Maker Fee” event reiterates MEXC’s client-facing approach and “Users first, MEXC’s Changing for you” philosophy. This mantra, as per the team, emphasizes the exchange’s stance on transparency and dependence on client feedback.
According to Andrew Weiner, the Vice President of MEXC, the exchange has been looking at optimizing products and liquidity offerings to align with the dynamic needs of its varied and global clientele.
Launched in 2018, MEXC has been offering diverse products and solutions. In addition to its second-level K-line function that meets the demands of delivering real-time trading information, MEXC has also been making strides in its perpetual contract offerings. With over 169 tokens and coins listed on the exchange and over 179 trading pairs made available for traders, this exchange is certainly one to watch.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
