MEXC Global Review: A Crypto Exchange With a Vision

Introduction

MEXC Global is a digital asset service provider known for being the exchange of high-performance and mega transaction matching technology. The exchange provides real-time prices of crypto tokens such as Bitcoin BTC, Litecoin LTC, and Ethereum ETH.

Founded in 2018, MEXC Global caters to more than 6 million users in more than 70 countries around the world. It is present across continents and has obtained key licenses and passed jurisdictions in multiple countries. These countries include Canada, Australia, Estonia, and the United States. MEXC Global also provides localized language support to cater to traders from all over the world.

The platform has 7 million registered users; 400,000 daily active users; and 1,000,000 highest daily active users. Above all, MEXC Global aims to become the go-to platform for new traders and experienced investors alike. By 2020, MEXC Global has been available globally in over 10 languages, with millions of users from over 200 countries, over $2 billion of average daily trading volume, and processes 1.4M transactions per second. 

Website	https://www.mexc.com/
Available on Mobile	Yes
Number of supported coins/tokens	140+
Native Token	MX Token
Supported Fiat Currencies	10 Fiat Currencies
CEO	John Chen
HQ Location	Mahé, Victoria, Seychelles
Company Owner	MEXC Global Ltd.

MEXC’s Business

The exchange at MEXC Global is a high-performance trading engine that is capable of completing 1.4 million transactions per second. Experts from the banking industry developed this engine, resulting in groundbreaking efficiency and enhanced performance. 

MEXC Global actively deploys in Ethereum, Polkadot, Solana ecosystems and DeFi, NFT, Layer2, Metaverse, GameFi, and DAO concept projects for spot trading.

Other activities of MEXC include:

OTC

• MEXC supports fiat in buying USDT in a single click
• Supports VISA, MasterCard to purchase BTC, ETH, LTC directly
• Has established partnerships with payment service providers such as Banxa, Simplex, etc.

Spot Trading

• MEXC Spot Trading supports hundreds of digital assets alongside providing millisecond matchmaking trading
• It also supports DeFi, PolkaProjects, and other hot assets all over the world.

Leverage Trading

• MEXC Leverage Trading supports the largest number of margin trading assets among all exchanges
• Provides isolated margin mode along with 2-10x leverage support
• Supports auto-loan as well as auto-repayment features

Leveraged ETF

• MEXC Leveraged ETF can track the daily change of underlying assets at any given time
• Does not require margins and liquidation
• Compound interest. Leveraged ETF automatically transfers profit as principal at 00:00 SGT

Perpetual Contract

• MEXC Perpetual Contract supports USDT and coin-margined perpetual contract
• 1-125x leverage adjustable
• It has greater depth and a smaller spread

Index Products

• Several underlying assets with different weights constitute MEXC Index Products
• It also supports Grayscale and other hot assets

POS Pool

• MEXC POS Pool supports PoS Savings and Stakings with stable APY
• There is no lock-up in PoS Savings
• It supports staking services for DOT, KSM, as well as other hot assets.

Partnerships

MEXC has partnered with fellow global cryptocurrency and digital asset platforms Bybit. Between them, they boast a combined user base of more than 10 million people and monthly website traffic of around 30 million visits. In addition, they both also account for a combined daily volume of around $730 million in trades.

This partnership appeared in the form of a joint launchpad to promote innovative projects. New projects benefited from being listed in their joint launchpad by a dual listing on MEXC Global and Bybit exchanges.

The goal of the launchpad is to allow up-and-coming potential projects to showcase themselves to the world, garner support, interest, and investment from traders. The launchpad focused on fostering, developing, and pioneering the listing of new and groundbreaking projects. For example, CropByte’s CBX token.

The user base of both Exchanges amounts to more than 10 million people who all share the enthusiasm for potential new projects.Hence, this provides them with an even wider opportunity to explore and support projects similar to CropBytes.

Tokenomics

MEXC’s native token, the MX Token, was first introduced in 2018 with a total supply of 1 billion. The MX Token allowed users to pay trading fees at a discounted rate on the platform.

As the years went on, MX Token became increasingly popular. Millions of users have regularly used MX Token for discounted trading and transaction fees. Aside from that, users require MX Tokens to participate in Launchpad, Kickstarter, M-Day, MX-DeFi, Voting, PoS Pool, and more products from MEXC Global.

MX Token has become one of the most popular exchange tokens ranking in the top 200 during 2020 (as of writing this in 2022, it is in #300). Since 2020, more than 200,000 MX holders have received $70 million worth of allocation from its activities. Early investors saw their returns exceed by more than 400 times.

Later in 2021, the MX 2.0 proposal was approved. The MX Token was listed on Bybit and was for the interests of the MX community– introducing talents and supporting the evolution of the MEXC ecosystem.

MEXC’s Products

The MEXC Launchpad

The MEXC Launchpad is a program that provides a chance for users worldwide to invest in well-chosen project tokens for a low cost. It is held exclusively for MX Token holders, and the only requirement to join is having MX Token.

The MEXC Kickstarter

The MEXC Kickstarter is a listing campaign where users can stake tokens to vote towards a predetermined goal. The listing process will be kickstarted once the goal is hit and free token airdrops will be arranged for participating users prior. The goal of this event is to identify high-quality projects as well as provide airdrop benefits to MEXC users.

The MEXC M-Day

The MEXC M-Day program is a marketing campaign where the project part offers several tokens for a discount. However, users who want to avail of the discount token should join the lucky draw.

Users must have an MEXC account to participate in M-Day programs.

The MEXC Pioneer

The MEXC Pioneer aims to identify, invest, build communities around, co-market, and provide financing to industry projects that would ‘empower the future’.

MEXC Global has a record in leading growth, especially when supporting new and visionary projects. In a few short years, it has already supported more than 100 new projects. These include supporting projects within the ecosystems like Polygon, Solana, Avalanche and Algorand in the early stages. Now, these projects have become much bigger. MEXC Pioneer is the result of turning this support into a formula for newer projects to come.

To mark the launch of the MEXC Pioneer, it is accompanied by a $100 million growth fund to support the blockchain industry and infrastructure projects. Most importantly, those focused on NFTs, gaming, decentralized finance systems, and building cross-chain infrastructures.

The launch of MEXC Pioneer represents the vision of MEXC Global CEO John Chen Ju of helping new ideas grow and flourish.

MEXC Pioneer aims to enhance the stability and trust between projects, users, and investors. At the same time, helping users and partners to grow and flourish.

Conclusion

In conclusion, MEXC Global rose through the ranks of the exchange market despite being founded as recently as 2018. It is a well-established exchange with a plethora of features and products. In addition, it also boasts solid partnerships and a well-received Native Token.

MEXC Global is inclined towards establishing itself as one of the best exchanges in the market. Alongside that, they also aim to cultivate as many promising projects as they can.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.