MXC Exchange

Founded in 2018 and headquartered in Seychelles, MEXC, formerly known as MXC Exchange, is a centralized cryptocurrency exchange platform. The company rebranded to MEXC Global in June 2021 to support its global expansion strategy. While some sources cite John Chen as the founder and current CEO, others mention co-founders Sheen Xin Hu, Aaron Wagener, and Piotr Brzezinski, with Chen taking over as CEO in 2021. The platform reports serving over 10 million users across more than 170 countries.

MEXC operates as a centralized exchange (CEX) that facilitates digital asset trading. The platform's business model centers on a variety of fees, including those for trading, withdrawals, token listings, and margin trading. Additional revenue is generated through staking commissions, launchpad partnerships, and copy trading services. While the platform advertises 0% spot trading fees, this applies only to a selection of popular trading pairs, with most transactions subject to fees. Revenue is also earned by providing liquidity and through its native token.

The exchange provides a comprehensive suite of services for both individual and institutional clients. Core offerings include spot, margin, and futures trading, along with leveraged Exchange-Traded Funds (ETFs). A key feature is its extensive listing of over 2,800 tokens and 2,900 trading pairs, significantly more than many competitors. The platform is noted for its high-performance trading engine, reportedly capable of handling 1.4 million transactions per second. For users interested in new projects, MEXC offers the Launchpad and Kickstarter programs, which provide early access to tokens. The platform also supports copy trading, allowing users to replicate the strategies of experienced traders, and offers P2P trading for certain cryptocurrencies. The native utility token, MX, which is based on the Ethereum blockchain, provides holders with benefits like reduced trading fees, participation in token sales, and referral bonuses.

Keywords: centralized exchange, cryptocurrency trading, spot trading, futures trading, margin trading, leveraged ETFs, digital assets, crypto exchange, MX token, P2P trading, copy trading, crypto staking, token launchpad, high-performance trading, blockchain finance, crypto liquidity, altcoin trading, digital asset services, crypto derivatives, global exchange