[ad_1]
sponsored
Recently, the cryptocurrency trading platform MEXC published two retrospective articles: Major events in the cryptocurrency market 2022，Who affected you the most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year.
2022 is the most dramatic year for the crypto industry. It has seen many high-profile black swan events, such as the LUNA crash and the FTX storm. For users, project developers or cryptocurrency trading platforms, capital institutions, etc., 2022 has been a year of suffering.
In addition, this year, MEXC Global continued to deeply optimize futures, launched the second-level K-line function, launched NFT Index and other products at the same time, upgraded the color of the mark in “Ocean Blue” and other measures not only withstood the crypto market In the second half of this year, but also its global users exceeded 10 million, its futures liquidity reached the first place in the world . Its Futures business grew by 1200%.
Futures Liquidity Takes Top Spot and Activity Grows 1200%
In 2022, MEXC focused on optimizing Futures products, continues to optimize core liquidity according to user needs, and provides second-level K-line functions, 0-rate contractor business, etc. ., for contractual products.
Blockchain media outlet Cointelegraph reported that in September this year, MEXC futures liquidity hit the world’s first. Liquidity indicators are crucial for trading contracts. There are always many bids and offers in a liquid market, and traders can easily enter and exit. The better the liquidity, the lower the spread and the lower the transaction cost. An illiquid market may have a significant price difference, which increases the risk of being liquidated in extreme market conditions.
On October 25, MEXC upgraded the functions of Futures products and launched the second-level K-line function. MEXC is the world’s first cryptocurrency trading platform to launch the second-tier K-line feature of Futures. The added second-level K line, which takes “1 second” as the period, generates a single candlestick chart, which is more timely and intuitive to reflect trading information, such as real-time prices, trading volume and market depth.
A few days ago, MEXC again announced the growth of its contract business. His average daily trading volume has increased by 1200% and he has also started a free Futures Maker activity. According to data from Cryptorank, the daily futures trading volume of major currencies BTC & ETH and MEXC ranks fourth in the world.
Burn 246 million MX dollars
In December 2021, MEXC launched the MX Token2.0 plan. Thanks to the vote of the MX Token community, not only will an MX held by the MEXC Foundation be directly burnt, but also the adopted rules will increase the intensity of the redemption and destruction of MX. 40% of all platform profits are used to redeem and burn MX.
Data shows that from December 7, 2021 to December 7, 2022, a total of approximately 110,332,145 MX were burned. Among them, 100 million MX will be burned directly in December 2021; in 2022, 2,266,655 MX will be burned by redemption in Q1, 3,876,215 MX will be burned by redemption in Q2 and 4,189,275 MX will be burned by redemption in Q3. Worth approximately $246 million.
The first platform to launch the premier NFT index
In the first half of this year, the NFT market was booming, but top-notch NFTs often cost a few ETH or even dozens of ETH, which put many people off. MEXC launched the NFT index for the first time in the world in April. By purchasing carefully selected top notch NFTs such as Moonbirds, Clone X, Azuki, Meebits, Doodles, etc. as a medium, it splits them into a number of tokens and launches the corresponding NFT index. The launch of NFT Index is mainly aimed at lowering the threshold for users to enter NFT. Users can buy or sell a certain share of the NFT index at any time without buying a full NFT. When the share of NFT index holders reaches a full NFT, they can trade the corresponding NFT.
Leveraged ETFs dominate the ETF market
It is understood that the MEXC leveraged ETF is an open ETF product launched in Q2019. Its characteristics are that the trading rules are as simple as spot products, no margin is required, no liquidation rules and it has a compound interest effect. According to data from Cryptorank, among similar products on the entire network, the trading volume of the MEXC leveraged ETF ranks first.
Online Fan Token Trading Area
The 2022 World Cup in Qatar sparked cryptocurrency traders’ interest in World Cup-themed fan tokens and launched an independent trail market in the second half. Major exchanges such as MEXC and Binance have successfully launched fan token trading zones. Unlike other Fan Tokens, Fan Tokens are utility tokens associated with clubs, teams, or brands, granting holders special fan privileges and improving fan club interaction. MEXC is the exchange with the most fan tokens online, and 39 fan tokens have been launched, such as CHZ, POR, ARG, BFT, ACM, etc.
MEXC x Coinbase x Trust Framework
The TRUST network is an alliance of the world’s leading cryptocurrency exchanges that are designed to disclose necessary data and privacy prevention. MEXC joined TRUST Network this year, committing to focus on customer privacy and information security with 62 major companies globally, including PayPal, Binance, and more.
Trust network solutions:
Guarantee the accuracy of the information transmitted Avoid leaks of personal information stored on third-party servers Prevent the misuse of sensitive information
M-Ventures Completes Brand Upgrade, Capital Scale Reaches $200 Million
On September 28, M-Ventures, a fund under MEXC, completed its brand upgrade, and its own funds reached $200 million. M-Ventures primarily focuses on three primary market investment priorities, namely Web3, the new public chain ecology, and infrastructure. Over the past 3 years, M-Ventures’ investment portfolio includes dozens of outstanding projects, such as Polkadot, Avalanche, Manta, etc.
Brand color changed to “Ocean Blue”
On November 18, MEXC completed the brand color upgrade from “forest green” to “ocean blue”. It is understood that “Ocean Blue” was originally a brand color suggestion submitted by Korean users, and was first upgraded to the Korean station after evaluation by MEXC. After being widely acclaimed by Korean users, user surveys were conducted in several key countries and regions. Following the suggestions of the vast majority of users, it was finally decided to upgrade the brand color of the entire site to “Ocean Blue”.
“Ocean Blue” means “All rivers flow into the sea”. The brand color upgrade “Ocean Blue” not only conforms to the concept of “Users first, MEXC changes for you”, but also better interprets the characteristics of the platform – secure and professional, open and inclusive, continues to explore and the future of hope.
This is a sponsored post. Learn how to reach our audience here. Read the disclaimer below.
Media
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is provided for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
More popular newsIn case you missed it
|
Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMiZWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9tZXhjLTIwMjItcmVjYXAtZnV0dXJlcy1idXNpbmVzcy1ncm93cy1ieS0xMjAwLWFuZC1leGNlZWRzLTEwLW1pbGxpb24tdXNlcnMv0gEA?oc=5 The mention sources can contact us to remove/changing this article |
[ad_2]