Crypto

Crypto Trading Platform MEXC Launches Future Second-level K-line Function

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Digital asset trading platform MEXC had updated the function of future products and introduced the second-level K-line function. MEXC is reportedly among the first virtual currency trading platforms to offer the future second-level K-line function.

As explained in the announcement, the K-line chart of the future trading page on crypto trading platforms mainly accounts for minutes, hours, days, weeks, and months as time intervals.

The second-level K-line launched by MEXC has been designed to take into account “1 second” increments as the time period to provide a single candle chart, which reflects the transaction information in a more accurate manner, including the current price, transaction volume, and market depth. The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading customers, making the experience more intuitive.

As per the MEXC future documentation, second-level K-lines have now been added (as of October 25, 2022) to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for various other digital currencies will be supported soon.

MEXC future products were first launched in 2018. Then in June 2020, a large-scale update had been made to its crypto trading system, focusing primarily on enhancing optimization and updating from the aspects that clients are quite concerned about. For example, key upgrades to the trading system stability, overall depth, security risk control and user experience were peformed.

After a few years of regular technical upgrades as well as product enhancements, MEXC’s perpetual future liquidity has reached a fairly high level, now supporting around 169 crypto trading options and 179 trading digital currency pairs, with smaller price differences and greater depth.

MEXC has also launched an MX token fee deduction capability – which essentially means that

futures traders may also use the MX Token for the purpose of fee deduction, and avail a 10% fee discount.

As a comprehensive crypto trading platform for futures, spot, leveraged ETF transactions and staking services, MEXC’s global users have reportedly crossed the 10 million mark.

As per CoinGecko data, the daily trading volume of MEXC is around $1.72 billion, of which the daily trading volume of Bitcoin (BTC) is roughly $750 million.

As noted by its management, MEXC claims to be one of leading virtual currency trading platforms, providing one-stop crypto trading services for spot, ETF, futures, Staking, NFT Index, etc.

The trading platform’s core team has an extensive background in traditional finance, and has professional financial product logic and technical security guarantees in terms of crypto products and solutions.

MEXC now supports the trading of over 1,600 virtual currency pairs.

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