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In early December, the cryptocurrency alternate MEXC introduced that its futures enterprise made a major breakthrough in 2022, with a mean every day buying and selling quantity development of 1200%. This information will be verified from third-party public information.
On December 20, CoinMarketCap’s data confirmed that among the many principal exchanges, the every day buying and selling quantity of MEXC’s futures reached $2.4 billion, rating fourth globally.
The primary motive for the expansion of MEXC futures enterprise is that the alternate has reportedly constantly optimized the liquidity of the highest 50 tokens by market cap for the reason that starting of this 12 months. In consequence, by the third quarter of this 12 months, the liquidity of MEXC futures enterprise had reached the main degree globally.
For futures merchants, liquidity is the core indicator, which immediately determines buying and selling charges and expertise. It is because the higher the liquidity, the higher the depth, the upper the turnover price, the smaller the value distinction, the decrease the buying and selling charges, and the sooner the buying and selling velocity. On the identical time, below excessive market situations just like March 12, 2020, futures merchandise with excessive liquidity can keep away from unintentional “pin bar” patterns.
The determine under exhibits the futures liquidity information of BTC_USDT and ETH_USDT on principal exchanges. From July to November, below the buying and selling depth of 0.05%, the liquidity of MEXC and Bitget ranked first and second, respectively.
Liquidity Comparability Amongst Mainstream Exchanges
Along with liquidity, the variety of cryptocurrencies supported by the futures alternate and the buying and selling payment price are additionally complete indicators thought of by merchants. One of the vital essential components is the payment price. The decrease the payment price, the decrease the buying and selling payment.
On Maker charges, Bybit’s payment price is 0.01%, whereas Binance and others have a payment price of 0.02%. Alternatively, MEXC lowered Maker charges to 0% from December 1 onwards, equal to giving up Maker charges and passing them on to futures customers. On Taker charges, MEXC, Bybit, and Kucoin cost them at 0.06%, whereas Binance and Huobi have the bottom price of 0.04%.
CoinGecko’s information exhibits that by way of the variety of buying and selling pairs, Binance helps probably the most futures buying and selling pairs, having 233 pairs at current. Nonetheless, completely different buying and selling pairs of the identical cryptocurrency are listed on every alternate, similar to BTCUSDT and BTCUSDC, and many others. Excluding duplicate information, then MEXC has listed probably the most cryptocurrencies for futures merchandise, with greater than 179, whereas Binance has listed greater than 137.
The Variety of Futures Buying and selling Pairs on Mainstream CEXs
The variety of listed cryptocurrencies is extra apparently advantageous in the course of the bull market. Due to the excessive frequency of undertaking listing in the course of the bull market, there will likely be a time distinction between completely different exchanges. For some merchants, the futures commerce of minor market cap cryptocurrencies can higher meet their wants. Nonetheless, with the top of the bull market, the frequency of undertaking lists on the secondary market will progressively lower, and the hole between the variety of cryptocurrencies listed on every alternate will progressively lower as properly.
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