Upgrades on MEXC's Cryptocurrency Trading Platform and Its Impact on Traders
One of the top tier-1 cryptocurrency exchanges, MEXC, has seen numerous upgrades that have enhanced its user-friendliness and attracted a growing user base. Among the many updates, the integration of a simple user interface (UI) and the offering of high liquidity have made it an attractive platform for traders.
Recent Developments
One of the most significant recent developments is the publishing of MEXC's Merkel tree proof of reserve. This advancement has significantly boosted customer trust and transparency for the exchange. Similarly, the reduction of future taker fees from 0.03 to 0.02 has also attracted many new users. This price reduction aligns with MEXC's reputation for offering low transaction fees and engaging in various promotional and rewarding events.
Futures Trade Platform Upgrades
Notably, MEXC has also upgraded its futures trade platform. The new platform offers various leverage rates on different trading combinations, supporting leverages up to 125x trades. The maximum leverage is determined by the initial and maintenance margin. Additionally, users can change their long and short positions in cross margin modes. These features provide traders with more flexibility and control over their trades.
Further Enhancements
In June 2020, MEXC underwent a major upgrade to its trading system, focusing on stability, depth, security, risk control, and user experience. These enhancements have resulted in significant improvements in the overall trading environment. The exchange's perpetual future liquidity has reached a worldwide top position, supporting 169 cryptocurrency tradings and 179 trading currency pairs with smaller price differences and better depth.
Token Fee Deduction Function
Recently, MEXC launched a new feature called the MX token fee deduction function, which allows users to use MX tokens for fee deduction. This not only encourages more transactions but also provides users with a 10% fee discount, further enhancing the value proposition of the exchange. The exchange now functions as a one-stop cryptocurrency trading platform, supporting futures, spot, leveraged ETF transactions, and staking services.
Global User Base and Daily Trading Volume
As of September this year, MEXC's global service users have exceeded 10 million. According to data from Coingecko, MEXC's daily trading volume stands at approximately 1.72 billion. Among this, the daily trading volume of BTC is around 750 million. For more detailed information and to explore the platform, users can visit MEXC's official website (URL).
MEXC's commitment to continuous technical upgrades and product optimization has not only increased the transparency and security of the platform but also attracted a significant number of traders. Whether you are a seasoned trader or new to the cryptocurrency market, the platform offers a wide range of tools and features to enhance your trading experience.