Press release
PRESS RELEASE. With Bitcoin rising to hit a new high in 2023, MX has been the best performer in trading tokens, with to 7-day growth of 32%.
Bitcoin’s price surge to over $25,000 has sparked a flurry of activity in the cryptocurrency market. With investors flocking to take advantage of price gains, the trading volume of major exchanges has increased significantly.
As one of the major exchanges, Mexico announced that its futures business made significant progress, with average daily trading volume growing by 1,200%.
KEY FACTS
- BTC it was recently trading at around $25,247, up 16.61% in 7 days. Bitcoin last traded over $25,000 in June 2022.
- Over the past two months, MEXC Coin (MX) has rallied, accumulating an 81.82% gain and hitting a 7-month high of $1.44 on Feb. 16.
- MX is currently trading at $1.21 with a 24-hour trading volume of $2,954,282.
WHAT DRIVES MX RALLY?
- As of September 2022, Mexico has surpassed 10 million users, and the platform’s cryptocurrency liquidity already ranks first in the world. MEXC’s higher liquidity ranking is expected to boost the MX price as it increases investor confidence in its ability to manage risk and provide market stability.
- MEXC’s commitment to “User First, MEXC’s Changing for you” has earned it recognition as one of the The 10 most popular cryptocurrency services by Cloudflare. The ranking is widely considered the definitive report card on corporate influence around the world, and it also boosted MEXC’s recognition in the market and led to an increase in the price of MX.
- The MEXC Launchpad presents an exciting opportunity for MX holders to receive airdrops during initial listings. The platform recently unveiled its latest Launchpad project, DeHeroGame, which pioneers GameFi 2.0 and uses NFT TCG technology. This launch has caused a huge demand for MX staking.
TANGENT
“We never stop focusing on our customers during the ups and downs of the general market,” said Andrew Weiner, vice president of Mexico. “An important part of supporting our clients is giving them confidence when they trade, which is why we have reduced our trading fees to the lowest in the market.”
MEXC has recently announced revised fees for trading on its platform. The new fee structure includes a 0% maker fee and a 0.03% taker fee for futures trades. The ad creator fee is also 0%, with a taker fee of 0.1%.
On average, cryptocurrency trading platforms charge a fee of between 0.02 and 0.06%. After this fee adjustment, MEXC has become the platform with the lowest trading fees in the entire industry. Undoubtedly, such competitive price rates are very attractive to most cryptocurrency users.
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