Bitcoin

Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023

PRESS RELEASE. With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 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, MEXC announced that its futures business made a significant breakthrough, with an average daily trading volume growth of 1200%.

KEY FACTS

  1. BTC was recently trading at about $25,247, rising 16.61% in 7 days. Bitcoin last traded over $25,000 in June 2022.
  2. 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.
  3. 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, MEXC has 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 the Top 10 Most Popular Cryptocurrency Services by 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 of MEXC. “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.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Articles You May Like

Ken Griffin’s trading firm blasts Trump Media boss as ‘loser’
Extreme weather threatens Irish potato output
Growing federal debt has negative knock-on effects for munis
FTSE 100 closes at record high as sterling weakens
SEC wins case against Rochester MAs over conflicts of interest disclosure