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TORONTO, ONTARIO–( News File Corp. – Jan. 2, 2023 )– In early December, cryptocurrency exchange MEXC announced that its futures business has seen significant growth in 2022, with an average daily trading volume of 1200% growth. This data can be verified from third party public data.
MEX
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In the year On December 20, CoinMarketCap data showed that among major exchanges, the daily trading volume of MEXC futures reached $2.4 billion, ranking fourth in the world.
The main reason for MEXC’s future trading growth is said to be that the exchange has been able to continuously improve the market value of 50 major tokens since the beginning of this year. As a result, in the third quarter of this year, the flow of MEXC futures business has reached the leading level worldwide.
For futures traders, liquidity is the main indicator, which directly determines trading fees and experience. Because the better the liquidity, the better the depth, the higher the turnover, the smaller the price difference, the lower the transaction fee and the faster the transaction. At the same time, in extreme market conditions similar to March 12, 2020, highly liquid futures can avoid sudden “pin bar” patterns.
In addition to liquidity, the number of cryptocurrencies backed by a futures exchange and the amount of transaction fees are also general indicators considered by traders. One of the most important factors is the payment amount. The lower the payment rate, the lower the transaction fee.
According to CoinGecko data, in terms of the number of trading pairs, MEXC has listed the most cryptocurrencies for futures products, with more than 179.
The number of cryptocurrencies listed is more obvious. Because of the high frequency of project listings, there will be time lags between different exchanges. For some traders, lower market value futures trading in cryptocurrencies may best suit their needs. However, the frequency of project listings on the secondary market is gradually decreasing, and the difference between the cryptocurrencies listed on each exchange is gradually decreasing.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: media@mexc.com
To view the source of this press release, please visit https://www.newsfilecorp.com/release/149880.
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