In April 2018, the cryptocurrency trading platform MEXC Global (transliterated as “mocha” in Chinese) was established. At the beginning of its establishment, the name “mocha” was voted by users in the Chinese community, which is more convenient to read and easier to remember.
At that time, cryptocurrencies had gone through 10 years of history, and Huobi, OKX, Bitfinex, and the newly established Binance had become the world’s major cryptocurrency trading platforms. Within ten months of the establishment of Binance, in addition to MEXC, Kucoin and Bybit were also established.
At the beginning of 2018, the industry was in the ascendant, and only veteran projects such as Bitcoin, Ethereum, Ripple, and Dogecoin were known and traded by the public. Concepts such as DeFi, NFT, and metaverse have not yet been popular, and cross-chain projects such as Polkadot and Cosmos were still in the early development stage. Ethereum was developing its own ecosystem, and EOS and other public chains were preparing to beat it with high performance.
There was a bear market during this period, but the project teams committed to the development of the industry have already started the construction and application of decentralized oracles, AMM, ERC721 standards, etc., in the field of DeFi and NFT.
A number of new and old exchanges have also begun to deploy and exert their efforts in the cryptocurrency trading sector to provide a wide range of trading services for these emerging assets in the next 20 years. MEXC focuses on building a user-friendly exchange – providing users with safe and stable trading products, the most diverse categories of crypto assets, and the most professional services.
From April 2018 to June 2020, on the basis of spot trading, MEXC successively launched trading products such as futures, margins, and leveraged ETFs and upgraded and optimized the trading system.
Taking futures product as an example, MEXC launched it in Q4 of 2018 and, in June 2020, optimized and upgraded the “top-grade futures” as a key product in terms of core elements such as system stability and liquidity. After four years of continuous efforts, MEXC futures trading’s liquidity of the current top 50 cryptocurrencies in terms of market cap has been ranked first in the world.
In October 2021, MEXC and Bybit agreed on strategic cooperation to combine their strengths in spot and futures trading. In November, the MX Token 2.0 plan was launched to accelerate the burning and deflation process of MX tokens. In April 2022, under the circumstance that the NFT market is hot and the entry threshold for blue-chip NFTs is high, MEXC launched the highly liquid NFT Index with a low entry threshold.
At this time, MEXC has developed into a one-stop cryptocurrency trading platform integrating spot, futures, margins, leveraged ETF, NFT Index, and other trades, supporting more than 1,400 types of crypto asset spot trading, more than 120 types of crypto asset futures trading and more than 300 types of crypto asset leveraged ETF trading.
How to understand “MEXC Global”? “M” stands for “Moonshot,” which means “find your next moonshot” – to find potential high-quality crypto assets for users.
The three major sectors of the public chain, DeFi, and NFT, have successively boomed over the years. In order to meet the different trading needs of users, MEXC has shown agile execution in listing new assets. Before the sector boom, MEXC has successively deployed Cosmos, Polkadot, Avalanche, Solana, Polygon, Aave, 1inch, Uniswap, Curve, The Sandbox, Decentraland, Gala, Axie Infinity, and dozens of high-quality crypto assets. Among the best-performing projects in 2021, MEXC first listed five of them, including Solana, …….