[PRESS RELEASE – Singapore, Singapore, 22nd February 2023]
With Bitcoin surging to a new 2023 high, MX was the top performing exchange token, with a 7-day gain of 32%.
Bitcoin’s price surge above $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of price gains, trading volume for the top exchanges has increased significantly.
As one of the leading exchanges, MEXC announced that its futures business has achieved a breakthrough, with an average daily trading volume increase of 1200%.
BASIC ELEMENTS
BTC was recently trading at around $25,247, up 16.61% in 7 days. Bitcoin last traded above $25,000 in June 2022.
Over the past two months, MEXC Coin (MX) has been bullish, rising 81.82% to reach a 7-month high of $1.44 on February 16.
MX is currently trading at $1.21 with a 24-hour trading volume of $2,954,282.
WHAT IS RALLY MX PROMOTING?
As of September 2022, MEXC has surpassed 10 million users and the platform’s cryptocurrency liquidity has already ranked first in the world. MEXC’s deep liquidity works to support the MX token, providing investors with confidence that positions can be entered and exited without deeply affecting the market price.
MEXC’s commitment to “User First, MEXC Changes for You” has earned it recognition as one of Cloudflare’s top 10 most popular cryptocurrency services. The ranking is widely regarded as the definitive report card for corporate influence worldwide, and also boosted MEXC’s market recognition and led to an increase in the price of MX.
MEXC Launchpad offers an exciting opportunity for MX holders to receive airdrops during initial listings. Recently, the platform introduced its latest Launchpad project, DeHeroGame, which pioneers GameFi 2.0 and uses NFT TCG technology. This release sparked high demand for MX staking.
Statement
“We never stopped focusing on our customers throughout the general market,” said Andrew Weiner, Vice President of MEXC. “An important part of supporting our customers is giving them confidence when they trade, so we’ve lowered our trading fees to the lowest level in the market.”
MEXC recently announced revised fees for trading on its platform. The new fee structure includes a 0% maker fee and a 0.03% draw fee for futures contracts. The maker fee for spots is also 0%, with a withdrawal fee of 0.1%.
On average, cryptocurrency trading platforms charge a fee rate between 0.02-0.06%. After this rate adjustment, MEXC has become the platform with the lowest trading fees in the entire industry. Without a doubt, such competitive prices are very attractive to most cryptocurrency users.
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