MEXC Global Reports Record Volume Since Slashing Trading Fees

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Singapore, Singapore, 8th March, 2023, Chainwire

Cryptocurrency exchange MEXC Global has reported significantly increased trading volume since cutting its platform fees. The decision to cut trading fees arrived at a time when interest in the crypto market has been increasing, further amplifying demand for digital assets.

Since MEXC Global announced it was slashing maker and taker fees on the platform, the exchange has seen renewed growth, mirroring the positive turnaround seen in the wider cryptocurrency market.

The fees to trade spot and futures markets on MEXC Global have both dropped to zero for maker fees, and 0.02% for futures taker fees, representing some of the lowest and most competitive rates for crypto traders.

Andrew Weiner, VP of MEXC Global, said: “Lower rates mean people are much more likely to participate. This is a boost for individual traders, and more widely for the whole market. MEXC Global is one of the simplest to use and most customer-friendly cryptocurrency exchanges available. As a leader in the space we believe lowering fees is a simple way to boost engagement and grow total volume.”

MEXC Global trades around $2.1bn per day in futures volume. Much of its recent growth has been attributed to new investors who are drawn to MEXC’s low fees and extremely user-friendly interface that makes the exchange accessible to mainstream users and maximizes return on investment.

MEXC is dedicated to continuously upgrading its technology and optimizing its products. As of March 3, MEXC's perpetual futures liquidity is ranked No.1 in the market, supporting over 160