Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

MEXC Introduces MX/USDT Perpetual Trading To Boost Futures Trading

Cryptocurrency Aug 03, 2022 10:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
MEXC Introduces MX/USDT Perpetual Trading To Boost Futures Trading
 
MA
+3.71%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
V
+2.20%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BTC/USD
+0.64%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
-0.45%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ADA/USD
-0.53%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XRP/USD
+3.86%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • MEXC launched an MX/USDT perpetual trading pair.
  • It will support 1-20x purchasing power for long and short two-way trades.
  • The team believes this will contribute to the expansion of MX Futures.

MEXC Global, the digital asset and crypto trading platform, has introduced an MX/USDT perpetual trading pair and will be supporting 1-20x purchasing power for long and short two-way trades. This should contribute to the expansion of MX Futures while bringing the MEXC ecosystem to the next level for individual and institutional traders.

MX Token ($MX) is the native token of the MEXC ecosystem. Holders of this crypto token can pay their trading fees at an affordable rate, and take part in Launchpad, Kickstarter, M-day, and other events to engage with various partner initiatives, while also serving as proof of the MEXC community’s interests. This initiative also encourages clients to actively participate in community governance – which includes voting and other activities.

MEXC Global supports perpetual trading of over 200 virtual currencies, such as Bitcoin (BTC), Ethereum (ETH), MX tokens, Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Cosmos (ATOM), Avalanche (AVAX), Solana (SOL), and Polygon (MATIC), covering public (or permissionless) chains, cross-chain platforms, DeFi, GameFi, Metaverse, DAO, and other sub-sectors.

MEXC Futures claims it has several years of “first-mover” technical experience and certain product advantages when it comes to system stability, trading mechanisms, “fundamental” transaction depth, risk control, liquidity, and customer experience.

In terms of overall stability and strategy, MEXC is focused on remaining competitive. MEXC’s futures trading system has reportedly been implemented by an experienced technical team. With regular upgrades, the platform avoids downtime, even when experiencing extreme trading volumes.

MEXC Futures further claims that it offers the “most tradable” derivative trading products. The platform continues to list new tokens and specializes in futures trading for institutional and individual traders.

After the MX Token 2.0 proposal was introduced in December 2021, the token has performed relatively well in the crypto markets. With the ongoing expansion of MEXC Global and support from the MX community, the MX token is expected to serve a vital role within the MEXC ecosystem.

Launched in April 2018, MEXC Global is a crypto-asset trading platform with more than 7 million users. The exchange offers spot, margin, leveraged ETFs, derivatives trading, and staking services.

In June 2022, MEXC Global announced that it had taken steps toward streamlining the process of cryptocurrency purchases by providing investors in 180 different countries the ability to acquire digital currencies with their Visa (NYSE:V) or Mastercard (NYSE:MA). Visa and Mastercard plan to provide competitive fees to new and experienced investors, thus helping to ease the initial capital requirements.

Investors may purchase as much as $5,000 worth of crypto-assets via a single transaction.

In March 2022, MEXC Global established a $150 million ecosystem fund, along with Bybit to support the ongoing growth of Fetch.ai, an AI lab focused on developing an open-access and decentralized machine learning network for “smart” infrastructure.

The Fetch.ai network is developing its ecosystem to be a major public chain for software developers so they can build upon it and support innovative business solutions.

Continue reading on CoinQuora

MEXC Introduces MX/USDT Perpetual Trading To Boost Futures Trading
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email