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MEXC Introduces MX/USDT Perpetual Trading To Boost Futures Trading

Published 08/03/2022, 09:34 AM
Updated 08/03/2022, 10:00 AM
MEXC Introduces MX/USDT Perpetual Trading To Boost Futures Trading

  • 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.

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