What Is MEXC?
MEXC stands as a prominent centralized crypto exchange, providing comprehensive services that encompass spot, margin, and futures trading. Established in 2018, the platform extends its offerings to include quantitative trading, leveraged ETFs, and index ETFs. Furthermore, MEXC offers an array of products under MEXC Earn, featuring launchpad projects, M-day airdrops, MX-DeFi, Staking, ETH 2.0 Staking, and more. Users can acquire cryptocurrencies through multiple avenues, including credit or debit card transactions, global bank transfers, P2P trading, and third-party payment processors like Simplex, Banxa, and Mercury.
The exchange boasts a global reach, serving over 200 countries and catering to more than 6 million users. It holds significant licenses in various countries, including Australia, Estonia, and the United States.
Who Are the MEXC Founders?
MEXC's current Chief Executive Officer is John Chen, whose educational background includes a Bachelor of Science in Computer Science from the National University of Singapore, as well as a Master's Degree from Nanyang Technological University. John is a seasoned entrepreneur, having founded Accufind Technologies in 2013 and eBeeCare in 2015. Following the acquisition of eBeeCare, John assumed the role of Managing Director at iTechBlack and later served as Chief Information Officer at CIC, a commodities trading platform, and Chief Operating Officer at another technology company, Zallchain.
Where Is MEXC Located?
The company's headquarters are situated in Seychelles.
MEXC Restricted Countries
MEXC has obtained official licenses to operate in various countries, including the USA, Canada, Switzerland, and Australia. However, it is essential to note that the exchange is not accessible in a set of countries, including North Korea, Cuba, Sudan, Syria, Iran, Yemen, Zimbabwe, Myanmar, Lebanon, Libya, Bolivia, Ecuador, Bangladesh, Somalia, Iraq, Congo Democratic Republic (Golden), Central African Republic, Kyrgyzstan, Burundi, Afghanistan, Macedonia, Ethiopia, Guinea-Bissau, Guinea, Liberia, Trinidad and Tobago, Venezuela, Serbia, Crimea, Mainland China, Singapore, Italy, and Canada.
What Coins Are Supported on MEXC?
How Much Are MEXC Fees?
For spot trading, MEXC imposes a fixed fee structure of 0.2% for both makers and takers, although there may be promotional periods where maker fees are reduced to 0.00%. Additionally, users have the opportunity to secure discounted rates by achieving VIP status. For futures trading, fees are tiered, ranging from levels 0 to 6, contingent upon users' 30-day trading volumes. Deposits are generally free, while withdrawal fees vary depending on the specific cryptocurrency, payment methods, and associated transaction costs.
Is It Possible To Use Leverage or Margin Trading on MEXC?
MEXC offers support for 2-5X leveraged ETFs on both long and short positions, along with futures trading that allows leverage of up to 125X, utilizing USDT and the underlying cryptocurrency as collateral.