On August 5, the crypto market faced another ‘darkest moment’. MEXC's data showed that BTC and ETH experienced intraday declines exceeding 15%, with BTC even briefly falling below the $50,000 mark, spreading panic throughout the market.
Crypto platforms are under immense pressure during times of market volatility, and some have faced outages. However, MEXC has proven its resilience and reliability throughout these challenging periods. Thanks to its significant advantages, MEXC emerged as a leading choice for investors during the recent bull market cycle. This article will explore the core strengths that set MEXC apart in the competitive crypto landscape.
Attracting users by generating wealth
One key aspect that trading platforms prioritize is the wealth they can create for users.
In 2019, the IEO wave allowed Binance to stand out. During this most recent bull market cycle, MEXC has similarly provided users with significant opportunities to improve their portfolios.
MEXC has demonstrated remarkable performance in token diversity and listing speed.
This year, with the rise of the Memecoin craze and emerging market trends such as the Solana ecosystem, Trump-themed coins, and cute animal-themed tokens, MEXC's listing team has been quick to evaluate and list these assets. Notably, MEXC was the first to list MAGA (TRUMP), offering early participants returns of over 10,000%. Other tokens like BOME and NEIRO also saw gains exceeding 500%, delivering substantial returns to investors. Currently, MEXC offers over 2,900 tokens for spot trading and more than 400 tokens for futures trading.
This extensive selection provides investors with various investment options, catering to different risk preferences and investment goals.
MEXC's platform token MX has brought substantial returns to its holders.
Data indicates that the price of MX increased from $0.82 in January 2023 to a peak of $5.85 in 2024, a maximum growth of 614% in just two years. In comparison, Binance's BNB saw a maximum increase of 193% during the same period, OKX's OKB had a maximum increase of 179%, and the maximum increases of other exchange platform tokens did not exceed 200%.
(MX airdrops in the first half of 2024)
In addition, the passive income from holding MX is also considerable. Since last July, MEXC has been airdropping tokens to MX holders every month, averaging more than 150 tokens per month. This year, the airdrop volume increased, averaging nearly 200 tokens per month. In the first half of the year, the total prize pool amounted to $82.88 million, with an average annualized return of nearly 90%, far exceeding that of BGB holders. These returns enable investors to enjoy substantial and continuous additional income while holding MX.
Attracting users through competitive core products
Building core competitiveness through trading products is essential to attracting users as a trading platform. MEXC has achieved high user satisfaction through its excellent service and stable performance.
MEXC has shown exceptional stability in futures trading, avoiding malicious liquidation during extreme market conditions. For instance, on August 5th, MEXC's BTC USDT-M perpetual futures and BTC Coin-M futures had price lows that were $100 higher than other competitors, helping investors avoid liquidation during extreme market fluctuations.
This is thanks to MEXC's superior futures liquidity, which can effectively handle significant market volatility, ensuring the safety and interests of investors' trades. Data shows that MEXC's USDT-M futures can achieve a trading volume of $39 million within a 0.05% (5 bps) price range, ranking first globally. MEXC's spot BTC/USDT trading pair can achieve a trading volume of $11 million within the same price range, also ranking first among all exchanges, far surpassing other competitors.
Additionally, MEXC stands out with its competitive fee structure. Spot trading comes with no fees, while futures trading only charges a 0.01% fee for takers—those who consume market liquidity. These are currently the lowest fees in the industry, significantly lowering trading costs and boosting potential returns for investors.
Furthermore, unlike other platforms that often impose high withdrawal fees on certain tokens (mainly due to insufficient asset reserves) and maliciously increased fees, MEXC has never experienced such situations. MEXC has the lowest withdrawal fees among all platforms, with ETH mainnet withdrawal fees even being only 1/5 of those on other platforms.
Finally, MEXC regularly publishes its asset reserve status, providing transparent and reliable financial security for investors and significantly enhancing trust in the platform.
With its extensive range of tokens, fast listing speeds, high passive income from its platform token, stable futures trading, low fees, and positive user feedback, MEXC has set a benchmark in the crypto trading world. Whether for novice investors or experienced traders, MEXC offers an ideal trading environment to grow wealth.