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MEXC Global Rolls Out MX/USDT Perpetual Trading Pair to Enhance Ecosystem

Crypto exchange MEXC Global has incorporated the MX/USDT perpetual trading pair to enhance the MX Futures market and propel the MEXC ecosystem to the next level.

Presently, MEXC Global supports the perpetual trading of more than 200 cryptocurrencies, such as Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Polygon (MATIC).

Therefore, perpetual trading cuts across different crypto sectors like the metaverse, decentralised finance (DeFi), decentralised autonomous organisation (DAO), game and finance (GameFi), cross-chain and public chain.

With statistics showing that the MEXC Futures’ liquidity is the top in the world, the new MX/USDT pair is intended to offer more trading opportunities and options to institutional and retail traders.

Per the announcement:

“In terms of market depth and stability, MEXC keeps making efforts and remains competitive. MEXC’s futures trading system is independently developed by an experienced core technical team.”

“With constant optimisation and regular upgrades, the platform is able to avoid downtime events when extreme trading volume surges,” the report added.

Established four years, MEXC Futures has been rendering product advantages and technical experience in user experience, liquidity, risk control, fundamental transaction depth, trading mechanism, and system stability.

Therefore, MEXC Global seeks to continue enhancing futures trading by listing more tokens. The crypto exchange has also shown its commitment to boosting the globalisation of cryptocurrency trading. For instance, it permitted crypto purchases that attracted zero transaction fees through SWIFT and Fedwire earlier in June.

MEXC Global said that the direct deposit option with no charges would offer users convenience and affordability as they sought an enhanced crypto trading experience, Blockchain.News reported.

Ethereum PoW Hardfork Token's IOU Accepts Trading on 5 Exchanges

The Ethereum network’s transition from the Proof-of-Work to the Proof-of-Stake (PoS) model was successful, and the industry is agog about it.

Besides ushering in a new era for the Ethereum community, many stakeholders have been preparing for a new token that is billed to be created through a hard-fork split.

The likelihood of creating this token is high as some of the industry’s biggest exchanges have now listed an IOU of the potential token, which is designated with the ticker symbol ‘ETHW’. At the time of writing and according to data from Coingecko, FTX, MEXC Global, Bybit, Gate.io, and FTX.US are the five exchanges that have listed the coin.

The ETHW token is currently trading at an average price of $18 on FTX, MEXC Global, and FTX.US. The token’s price on Bybit is $22, while on Gate.io, it is trading as high as $40.

It is yet unclear how many trading platforms will eventually lend support to the new version of the Ethereum coin that will maintain the Proof-of-Work (PoW) consensus model. The Coingecko data, however, attached very high trust scores to the IOUs being traded on these platforms.

Ethereum is not a protocol that is new to hard forks and the creation of a new token. The Ethereum Classic protocol is one major blockchain ecosystem that spun off as a result of the network’s hardfork back in 2016.

Considering the resilience and success of Ethereum Classic thus far, some major stakeholders in the Ethereum ecosystem have pledged allegiance to support the new protocol as many sought avenues to help maintain the legacy of the Ethereum blockchain as a mining-enabled system.

The argument for the PoS version of the protocol is strongly hinged on its energy efficiency. The proponents also believe that its scalability and attack resilience will be further bolstered with the validation model of confirming transactions.