Bitcoin Surges Above $25,000 and MEXC (MX) Hits Intra-Year High
Singapore, Singapore, 22 February 2023, Chainwire
With Bitcoin surging to reach a new 2023 high, MX has been the best performing token exchange, with one 7-day growth of 32%.
Bitcoin’s price rising above $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the price gains, trading volume for top exchanges has increased significantly.
As one of the leading exchanges, MEX announced that its futures business made a significant breakthrough, with an average daily trading volume growth of 1,200%.
KEYWORDS
- BTC was recently traded at around $25,247, rising 16.61% in 7 days. Bitcoin last traded above $25,000 in June 2022.
- Over the past two months, MEXC Coin (MX) has soared, gaining 81.82% and hitting a 7-month high of $1.44 on February 16th.
- MX is currently trading at $1.21 with a 24-hour trading volume of $2,954,282.
WHAT PUSHES MX RALLY?
- From September 2022, MEX has passed 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. MEXC’s deep liquidity works to support the MX token, giving the investor confidence that positions can be entered and exited without having a deep impact on the market price.
- MEXC’s commitment to “Users first, MEXC changes for you” has earned it recognition as one of Top 10 Most Popular Cryptocurrency Services by Cloudflare. The ranking is considered the definitive report card on the company’s influence worldwide, and also increased the market recognition of MEXC and led to an increase in the price of MX.
- MEXC Launchpad presents an exciting opportunity for holders of MX to receive airdrops during initial listings. Recently, the platform introduced its newest Launchpad Project, DeHeroGame, which is a pioneer in GameFi 2.0 and uses NFT TCG technology. This launch has created a huge demand for MX staking.
Statement
“We never stopped focusing on our customers through the general market’s ups and downs,” said Andrew Weiner, VP of MEX. “an important part of supporting our customers is giving them confidence when shopping, so we’ve 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% producer fee and a 0.03% appraisal fee for futures trades. The producer fee for spots is also 0%, with a taker fee of 0.1%.
On average, cryptocurrency trading platforms charge a fee rate between 0.02-0.06%. After this price adjustment, MEXC has become the platform with the lowest trading fees in the entire industry. Undoubtedly, such competitive pricing rates are very attractive to most cryptocurrency users.
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Contact
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MEXC Global
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