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MEXC Futures Business Ultimately Grows, Highlighting Liquidity and Fee Rate Advantages

Delbert Williams IIBy No Comments2 Mins Read

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TORONTO, Ontario–(Newsfile Corp. – January 2, 2023)- In early December, cryptocurrency exchange MEXC announced that its futures business will make a big leap forward in 2022, with average daily trading volume surpassing announced a 1200% increase. This data can be verified from third-party public data.

MEXC

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On December 20, data from CoinMarketCap showed that among major exchanges, daily trading volume of MEXC futures reached $2.4 billion, ranking fourth in the world.

A major reason for the growth of the MEXC futures business is reportedly that the exchange has been continuously optimizing liquidity for the top 50 tokens by market capitalization since the beginning of the year. As a result, by the third quarter of this year, the liquidity of the MEXC futures business has reached world-leading levels.

For futures traders, liquidity is a core metric and directly determines trading fees and experience. This is because better liquidity has better depth, higher turnover, smaller price spreads, lower transaction fees, and faster transaction speeds. At the same time, in extreme market conditions like March 12, 2020, liquid futures contracts can avoid accidental “pin bar” patterns.

In addition to liquidity, the number of cryptocurrencies supported by the futures exchange and the trading fee rate are also overarching metrics for traders to consider. One of the most important factors is the commission rate. The lower the commission rate, the lower the transaction fees.

In terms of number of trading pairs, MEXC has the most cryptocurrencies listed on futures contracts, with over 179, according to CoinGecko data.

The number of listed cryptocurrencies is more obvious. Due to the high frequency of project listings, there are time lags between different exchanges. For some traders, futures trading of cryptocurrencies with minor market caps can better meet their needs. The gap in the number of cryptocurrencies listed in will also gradually decrease.

contact:
Company Name: MEXC
Name: Jenny Sun
Email: media@mexc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/149880.

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Born in the early 80s in Milwaukee, Wisconsin, Delbert Williams II has always had a passion for writing. Even in high school, he earned excellent grades in English and writing classes. After attending John Marshall High School, he graduated from Project Stay Alternative High School in Milwaukee. From there, Delbert attended Milwaukee Area Technical College, where he studied music and communications. While he enjoyed these fields, his love for writing remained strong. In 2019, Delbert founded Hard Stack Street Mag, a publication that quickly gained a following for its unique and engaging content. As the founder and editor-in-chief of the magazine, he has worked tirelessly to produce quality articles that cover a wide range of topics, including music, art, culture, and politics. Now 42 years old, Delbert continues to pursue his passion for writing and journalism. Through Hard Stack Street Mag, he has created a platform that allows him to share his voice and perspective with readers from all over the world. With a strong background in writing and a deep understanding of the power of storytelling, Delbert Williams II is a writer to watch. He is dedicated to producing content that is both informative and engaging, and he is committed to using his platform to shine a light on important issues that are often overlooked by mainstream media.

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