Home » Futures Business Grows by 1200% and Exceeds 10 Million Users – Sponsored Bitcoin News

Futures Business Grows by 1200% and Exceeds 10 Million Users – Sponsored Bitcoin News

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Recently, cryptocurrency trading platform MEXC released two retrospectives. The main events of the cryptocurrency market 2022,Which one is the most affected? Blog – Top 10 Highlights from MEXC 2022respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year.

2022 will be the most dramatic year for the cryptocurrency industry. It has experienced many black swan events as far and wide as the following. Luna crash and FTX Thunderstorm. 2022 has been a rough year for users, project stakeholders, cryptocurrency trading platforms, capital institutions, and more.

Also, this year MEXC Global We continued to carry out in-depth optimization of futures, launched the second-level K-line function, simultaneously launched NFT index and other products, and took steps such as upgrading the brand color to “Ocean Blue”. rice field. In the second half of this year, the number of users worldwide exceeded 10 million, and its futures liquidity reached the top in the world. The futures business grew his 1200%.

Futures liquidity ranked first, business increased by 1200%

In 2022, MEXC will focus on optimizing futures products, continue to optimize basic liquidity according to user needs, second-level K-line function for contract products, contract maker 0 rate activity etc.

blockchain media cointelegraph report As of September this year, MEXCfutures liquidity had reached world firsts. Liquidity indicators are important for contract trading. There are always many bids and offers in a liquid market, and traders can enter and exit easily. Higher liquidity means smaller spreads and lower trading costs. Low-liquidity markets lead to greater price differentials, increasing the risk of liquidation in extreme market conditions.

October 25th, MEXC Upgraded the function of futures products and launched the second level K-line function. MEXC is the first cryptocurrency trading platform in the world to launch second-level K-Line functionality for futures. The added second level K line takes ‘1 second’ as the period and produces a single candlestick chart. It is more timely and intuitive to reflect trading information such as real-time prices, trading volumes, and market depth.

A few days ago, MEXC again announced Contract business growth. His average daily trading volume increased by 1200% and he also launched a Futures Maker commission-free activity.according to crypto trunk Data, Daily Futures Trading Volumes of Mainstream Currencies Bitcoin & ethereum MEXC is the 4th largest in the world.

Burn 246 million MX dollars

In December 2021, MEXC launched MX Token2.0 plan. Not only will one MX held by the MEXC Foundation be burned directly through the votes of the MX token community, but the rules passed will increase the intensity of MX buyback and destruction. 40% of platform-wide profits will be used for MX buybacks and burns.

This data shows that a total of about 110,332,145 MX was burned from December 7, 2021 to December 7, 2022. Among them, in December 2021, he will directly incinerate 100 million MX. In 2022, Q1 buybacks will burn 2,266,655 MX, Q2 buybacks will burn 3,876,215 MX, and Q3 buybacks will burn 4,189,275 MX. Worth about $246 million.

The first platform to launch a high-quality NFT index

The NFT market has been booming in the first half of this year, but good NFTs often cost a few dollars. ethereum or dozens of ethereum, discouraged many people. MEXC launched his NFT index for the first time in the world in April. By purchasing carefully selected excellent NFTs such as Tsukidori, Clone X, azuki beans, Mebitz, doodleetc., split them into a certain number of tokens and launch the corresponding NFTs index. The launch of the NFT index is primarily aimed at lowering the threshold for users to join her NFT. Users can buy or sell specific shares of the NFT Index at any time without purchasing the full NFT. Once an NFT index holder’s share reaches a full NFT, the corresponding NFT can be exchanged.

Leveraged ETFs lead the ETF market

The MEXC Leveraged ETF is understood to be an open-ended ETF product launched in Q3 2019. Its characteristics are that the trading rules are as simple as spot products, no margin is required, no liquidation rules, and compound interest effect.according to crypto trunk The data shows that the MEXC Leveraged ETF has the highest trading volume among similar products across the network.

Online Fan Token Trading Zone

The 2022 Qatar World Cup has sparked crypto trader interest in World Cup-themed Fan Tokens, launching an independent track market later this year. Top exchanges such as MEXC and Binance have successfully launched Fan Token trading areas. Unlike other Fan Tokens, Fan Tokens are utility tokens tied to a club, team, or brand, granting their holders special fan privileges and enhancing fan club interactions. MEXC is the exchange with the highest number of online Fan Tokens, with 39 Fan Tokens issued including CHZ, POR, ARG, BFT and ACM.

MEXC x Coinbase x Trust Framework

The TRUST Network is an alliance of the world’s leading cryptocurrency exchanges designed to disclose the data and privacy protections you need. MEXC Joins TRUST Network This year, we pledged to focus on protecting customer privacy and information security together with 62 top companies around the world, including PayPal, Binance, and more.

Trust Network Solution:

  • Ensuring accuracy of information Sent
  • Prevent leakage of private information stored on third-party servers
  • Prevent misuse of confidential information

M-Ventures completes brand upgrade, capital reaches $200 million

On September 28, M-Ventures, a fund under MEXC, brand upgrade, and its own funding reached $ 200 million. M-Ventures is primarily focused on his three investment priorities in his primary markets: Web3, New Public Chain Ecology, and Infrastructure. Over the past three years, M-Ventures’ investment portfolio includes dozens of outstanding projects such as Polkadot, Avalanche and Manta.

Brand color upgraded to “Ocean Blue”

November 18th, MEXC completed the brand color upgrade From “forest green” to “ocean blue”. “Ocean Blue” was originally a brand color proposal proposed by Korean-speaking users, and it is understood that it was the first to be upgraded at Korean stations after evaluation by MEXC. After obtaining the, user surveys were conducted in several major countries and regions. With suggestions from the overwhelming majority of users, it was finally decided to upgrade the brand color of the entire site to “Ocean Blue”.

“Ocean Blue”All rivers flow into the sea. ” The upgrade of the brand color “Ocean Blue” not only conforms to the concept of “user first, MEXC changes for you”, but also safe, professional, open and inclusive, continuing to explore, and hopeful. Better interpret the platform characteristics of the future. .

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