What is MEXC?
MEXC, also known as MXC, is considered one of the most well-known cryptocurrency exchanges founded in 2018. So far, the exchange has reached an average 24-hour trading value of nearly $1 billion and listed 1,452 coins and tokens.
MEXC has successfully built a one-stop trading service for digital assets, besides providing users with services such as spot trading, margin trading, leveraged ETFs along with derivatives trading services.
Who is the founder of MEXC?
- John Chen from Singapore is CEO of MEXC. John Chen founded Accufind Technologies in 2013. He founded eBeeCare in 2015 and sold it to Raffle Medical Group in 2017.
- Lives in China and holds a Bachelor’s degrees from three different universities.
- The members of the founding team are mainly from European countries and Japan, but they decided to choose Singapore as the official place of registration because Singapore’s law defends its pro-death penalty position
- Although MEXC is based in Singapore, the company has offices around the world with more than 200 employees in different countries.
- The MEXC exchange is currently focused on clients in the Asia Pacific region.
What is MEXC’s ecosystem
Like other centralized cryptocurrency exchanges, your MEXC account can invest in a variety of other financial products including:
- MEXC derivatives: includes leveraged ETFs, futures, and ETFs index .
- MEXC margin: margin trading brings great profits but carries many risks because when market prices fluctuate, user’s position can be liquidated.
- Credit card transactions: it is possible to purchase coins or tokens with a credit card.
- OTC Trading: known as PUSH trading.
- MEXC P2P: Peer-to-Peer cryptocurrency trading uses fiat currency. MEXC currently supports fiat currencies such as USD, AUD, Baht along with more than 10 other currencies including Vietnam Dong (VND)
- MEXC launchpad: MEXC launchpad allows users to invest in tokens of project early for ultra-low-cost investments. Similar to Binance launchpad, users only need to have MX token to participate in MEXC launchpad.
What are the pros and cons of MEXC
Advantages of MEXC. Compare MEXC vs Binance
- Trading fees on the platform is 0.2%.
- Users can choose from a variety of payment methods and can also download mobile applications when signing up for MEXC accounts.
- More than 1450 coins and tokens on MEXC, which is 4 times as many as the number of coins available on Binance..
- MEXC’s referral program is quite good, usually ranging from 30% to 50%.
- Good security: MEXC registration enables not only KYC identity verification but also anti-fishing advanced security layer, allowing users to confirm official information from the exchange.
- KYC is not required to verify identity, users can still withdraw cryptocurrency with a maximum limit of 5 BTC/day. MEXC registration without KYC can still allow users to deposit, trade coins and then withdraw from MEXC. This is MEXC’s strength compared to Binance exchange because Binance requires users to verify their identity when signing up for an account.
- High-performance execution, up to 1.4 million orders per second.
Disadvantages of MEXC
- Besides the fact that many high-growth potential coins are listed on the exchange, it is inevitable that the exchange sometimes appears a lot of “junk” coins. You should Do your own research carefully before making any investment decisions.
- MEXC’s exchange interface contains a lot of information and can be difficult to use for newbies.
What is the history of MEXC
- MEXC Global was originally MXC exchange, launched in April 2018.
- In 2019, the MXC exchange has grown rapidly, accounting for 5% market share of the total digital asset trading volume worldwide. MEXC has been featured in many well-known blockchain media magazines.
- Trading volume on MEXC used to reach $1 billion, ranking 4th in Coingecko’s 24-hour trading volume during the 2021 Coin Surge season. Currently, MEXC has an estimated trading value of up to $1 billion and currently it listed 1452 digital currencies with more than 2000 trading pairs.
- On June 8, 2021, MXC exchange officially changed its name to MEXC Global. This partly aimed to expand the exchange platform globally.
