[PRESS RELEASE – Please Read Disclaimer]
In early December, the cryptocurrency change MEXC introduced that its futures enterprise made a big breakthrough in 2022, with a median every day buying and selling quantity progress of 1200%. This knowledge may be verified from third-party public knowledge.
On December 20, CoinMarketCap’s knowledge confirmed that among the many major exchanges, the every day buying and selling quantity of MEXC’s futures reached $2.4 billion, rating fourth globally.
The principle motive for the expansion of MEXC futures enterprise is that the change has reportedly repeatedly optimized the liquidity of the highest 50 tokens by market cap for the reason that starting of this 12 months. Because of this, by the third quarter of this 12 months, the liquidity of MEXC futures enterprise had reached the main stage globally.
For futures merchants, liquidity is the core indicator, which instantly determines buying and selling charges and expertise. It’s because the higher the liquidity, the higher the depth, the upper the turnover fee, the smaller the worth distinction, the decrease the buying and selling charges, and the quicker the buying and selling velocity. On the identical time, beneath excessive market situations just like March 12, 2020, futures merchandise with excessive liquidity can keep away from unintended “pin bar” patterns.
The determine beneath reveals the futures liquidity knowledge of BTC_USDT and ETH_USDT on major exchanges. From July to November, beneath 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 change and the buying and selling charge fee are additionally complete indicators thought of by merchants. Probably the most vital elements is the charge fee. The decrease the charge fee, the decrease the buying and selling charge.
On Maker charges, Bybit’s charge fee is 0.01%, whereas Binance and others have a charge fee 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 fee of 0.04%.
CoinGecko’s knowledge reveals 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 change, similar to BTCUSDT and BTCUSDC, and so on. Excluding duplicate knowledge, 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 throughout the bull market. Due to the excessive frequency of mission checklist throughout the bull market, there can 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 mission lists on the secondary market will regularly lower, and the hole between the variety of cryptocurrencies listed on every change will regularly lower as properly.