The Chief Executive Officer of MEXC Global has a great motto: “Users first, Service foremost.” It is a nice idea to put in the center of your business model, which appears to be exactly what MEXC is doing with its new Zero Maker Fee policy, which has been implemented across all spot pairs. This is something that we haven’t seen in the market up until this point, and it is something that we are very excited about.
The brokerage firm was established in 2018 and since that time has been providing a wide variety of brokerage services to users hailing from many different countries across the world. The platform adopted a user-centric strategy from the very beginning of its commercial development by putting into place items that appeal to a wide range of target demographics. Copy-trading, perpetual futures, and other derivatives are available for speculative trading on MEXC, and the platform also features a vast spot market.
MEXC’s automation solutions include these elements.
The company’s offering of financial products is continually growing, but there was a significant change made by the company not too long ago that has the potential to make it one of the most popular locations for traders from all over the world. They instituted a No Maker Fee policy that was applicable to ALL of the pairs that were featured on the spot section of their platform. Although a lot of people believe that these kinds of policies are followed by a lot of other exchanges, we beg to differ.
Zero Maker Fee is available on Binance; however, in order to take advantage of this feature, you must be trading pairs that involve the native pegged cryptocurrency BUSD. ByBit offers a number of pair combinations that are exempt from the maker costs. There are additional businesses that provide services that are analogous to these, but every one of these alternatives has at least some limitations. MEXC goes a step farther than most exchanges by charging no commission on any of the pairings that are exchanged. Because of this change, nearly 7 million users will now be able to use the platform from outside the United States.
As this article is being written, the exchange’s spot sector alone has hit a daily trading volume of $1.6 billion, which is an all-time high. Take note that there are over one and a half thousand different pairs available for trading on the spot market of MEXC. It would appear that the exchange is investigating potential means by which it might shake up the industry and compete successfully with market leaders such as FTX and Binance by providing more enticing deals and a wider variety of financial products.