- Crypto exchange MEXC’s average daily trading volumes have displayed an increase of 1,200%.
- This growth can be due to the expansion of MEXC’s contract business which propelled its daily trading activity.
- Earlier this month, MEXC launched its “Zero Maker Fee” event.
The plummeting crypto deep freeze has caused several large and seemingly stable organizations to fall through. Yet, amid these turbulent market conditions, MEXC, a customer-facing and product-dense crypto exchange, has seen its average daily trading volumes reach an increase of 1,200%.
According to a recent report released by a crypto news outlet, this surprising surge can be attributed to the growth of MEXC’s contract business which propelled its daily trading activity. It is also notable that this growth is on the heels of news that MEXC has become the sphere’s top liquidity provider.
Interestingly, this marked increase in trading activity is at a time when the crypto market struggles against a deluge of selling pressure. In the past few months, Bitcoin and crypto prices have seen valuation drop by more than half. This contraction has adversely impacted DeFi and NFTs trading volumes. Their reverberation has seen traders and investors scamper for safety, preferring to tighten their purse strings in response.
MEXC’ ...
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