Exploring MEXC: Is it a Major Player in the Cryptocurrency Exchange Market?

Introduction

When it comes to cryptocurrency exchanges, there are many options to choose from. Some are popular and well-established, while others are relatively new and unknown. MEXC is one exchange that may not be as well-known as some of the others, but that doesn't necessarily mean it's not a big exchange. In this article, we'll take a closer look at MEXC and analyze whether or not it's a big exchange.

What is MEXC?

MEXC is a cryptocurrency exchange that was founded in 2018. It is a global exchange that is registered in the Seychelles. It offers a wide range of cryptocurrencies for trading, as well as margin trading and staking services. MEXC is known for its user-friendly interface and low trading fees.

Trading Volumes

One measure of whether or not an exchange is big is its trading volume. The trading volume of an exchange refers to the amount of cryptocurrency that is traded on the exchange. Generally speaking, exchanges with higher trading volumes are considered to be bigger and more established.

According to coinmarketcap.com, MEXC currently has a 24-hour trading volume of around $600 million (as of August 2021). While this trading volume is not as high as some of the bigger exchanges like Binance or Coinbase, it's still a substantial amount and indicates that MEXC is a significant player in the cryptocurrency exchange market.

User Base

Another measure of whether or not an exchange is big is its user base. The more users an exchange has, the more established and reputable it tends to be. However, it's worth noting that user bases can be difficult to measure accurately, as many cryptocurrency traders use multiple exchanges.

It's unclear how many users MEXC has, as the exchange does not publicly disclose this information. However, MEXC has a strong presence on social media, with over 225,000 followers on Twitter and over 100,000 followers on Telegram. This indicates that MEXC has a substantial user base, and is likely a big exchange.

Conclusion

While MEXC may not be as well-known or established as some of the bigger exchanges, its trading volume and user base indicate that it is a significant player in the cryptocurrency exchange market. With its user-friendly interface, low trading fees, and wide range of cryptocurrencies for trading, MEXC is definitely worth considering for traders looking for a new exchange to use.

• MEXC is a cryptocurrency exchange that was founded in 2018.
• According to coinmarketcap.com, MEXC currently has a 24-hour trading volume of around $600 million.
• MEXC has a strong social media presence with over 225,000 followers on Twitter and over 100,000 followers on Telegram.