Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023 press release
PRESS RELEASE.With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, witha 7-day growth of 32%.
Bitcoin’s price rising over $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the price gains, the trading volume for top exchanges has significantly increased.
As one of the leading exchanges,MEXCannounced that its futures business made a significant breakthrough, with an average daily trading volume growth of 1200%.
KEY FACTS BTC was recently trading at about $25,247, rising 16.61% in 7 days. Bitcoin last traded over $25,000 in June 2022. In the last two months, MEXC Coin (MX) has surged upwards, racking up an 81.82% increase and reaching 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 IS PUSHING THE MX RALLY? As of September 2022,MEXChas exceeded 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. MEXC’s top ranking in liquidity is expected to drive up the MX price, as it increases investor confidence in its ability to manage risk and provide stability in the market. MEXC’s commitment to “User First, MEXC’s changing for you” has earned it recognition as one of theTop 10 Most Popular Cryptocurrency Servicesby Cloudflare. The ranking is widely considered the definitive report card on corporate influence worldwide, and also boosted the market recognition of MEXC and led to a surge in the price of MX. The MEXC Launchpad presents an exciting opportunity for holders of MX to receive airdrops during initial listings. Recently, the platform introduced its latest Launchpad Project, DeHeroGame, which is a pioneer in GameFi 2.0 and utilizes NFT TCG technology. This launch has sparked high demand for MX staking.
TANGENT
“We never stopped focusing on our customers throughout the general market’s up and down,” said Andrew Weiner, VP ofMEXC. “an important part of backing our customers is giving them confidence when they trade, 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% maker fee and a 0.03% taker fee for futures trades. The maker 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%. Following this rate adjustment, MEXC has become the platform with the lowest trading fees across the entire industry. Without a doubt, such competitive price rates are very attractive to most cryptocurrency users.
Tags in this story
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Media
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs NEWS | 2 hours ago US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager NEWS | 4 hours ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning Next articleUS Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager More Popular NewsIn Case You Missed ItNFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing