MEXC Futures Trading Volume Jumps 1200%, Reaches Global Top 4

• MEXC announced a significant breakthrough in its futures business in 2022, with an average daily trading volume growth of 1200%.
• The main reason for the growth of MEXC futures business is that the exchange has reportedly continuously optimized the liquidity of the top 50 tokens by market cap since the beginning of this year.
• Data from CoinMarketCap showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally.

The cryptocurrency exchange MEXC announced a significant breakthrough in its futures business in 2022, with an average daily trading volume growth of 1200%. This is verified from third-party public data. CoinMarketCap’s data showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally.

The main reason for the growth of MEXC futures business is that the exchange has reportedly continuously optimized the liquidity of the top 50 tokens by market cap since the beginning of this year. As a result, by the third quarter of this year, the liquidity of MEXC futures business had reached the leading level globally. Liquidity is a key indicator for futures traders, which directly determines trading fees and experience. This is because the better the liquidity, the better the depth, the higher the turnover rate, the smaller the price difference, the lower the trading fees, and the faster the trading speed. At the same time, under extreme market conditions similar to March 12, 2020, futures products with high liquidity can avoid accidental „pin bar“ patterns.

The figure below shows the futures liquidity data of BTC/USDT and ETH/USDT on main exchanges. From July to November, under the trading depth of 0.05%, the liquidity of MEXC and Bitget ranked first and second respectively. This highlights the advantages of MEXC in terms of liquidity and fee rate, which has been the main driving force behind the significant growth of its futures business.

Overall, MEXC’s impressive growth in its futures business is a testament to the exchange’s dedication to providing high-quality services to its users. The improved liquidity and fee rate have further enabled traders to benefit from the trading experience offered by MEXC, and the exchange expects to continue its growth in the future.

MEXC Futures Trading Volume Jumps 1200%, Reaches Global Top 4