MEXC Global provided an update on its global expansion initiatives through Twitter. And the asset exchange platform announced the signing of agreements with a number of international investment funds.
MEXC is the largest cryptocurrency exchange in Asia that the Chinese can use. And they’ve been busy. Recently, they announced the signing of many partnerships with global investment groups. However, it did not go into detail. But the team announced the news on Twitter. In the same announcement, they said that MEXC Global will retire Mainland User accounts in China.
1/ We are delighted to announce that MEXC Global recently made agreements with multiple international investment funds to support the expansion of our global operations.
— MEXC Global (@MEXC_Global) December 25, 2021
In the meantime, the team has also established the MX Token 2.0 initiative. In fact, it also intends to “take a further step in blockchain ecosystem growth and talent acquisition.”
About Retiring Mainland User Accounts in China
It took a little more than three months for Bitcoin miners to disappear from China. And you can see the rapid impact of Beijing’s ban on cryptocurrency mining in some new data from academics at the University of Cambridge. In fact, the percentage of Bitcoin mining in China has effectively dropped to zero. The graph below illustrates this.
The country’s restrictions have forced cryptocurrency exchanges, enterprises, and other cryptography-related activities to slow down or stop operating.
MEXC Global said: “The newly formed united board of directors is leading the restructuring of the corporate governance structure. The new, more diverse leadership team will be established, and the existing team will gradually go out after retiring Mainland User accounts in China”.
Above all, they will stop supporting Chinese user accounts at the end of December 2021.
About MEXC Global
MEXC Global Exchange, which was established in April 2018, is one of the world’s major digital asset trading platforms. The major members of the team come from world-class enterprises and investment organizations. They have lots of experience in the blockchain and financial industries.
Exchange provides consumers with one-stop services for digital assets. Such as:
- spot trading
- margin trading
- leveraged ETF
- contract trading
- PoS staking
It not only assembles an experienced safety team but also works with top-tier security organizations to ensure the integrity of the user’s assets.
Since its start, MEXC Global has applied for enforcement licenses in four countries:
- United States
Furthermore, during the Crypto Expo Dubai in October of this year, the MEXC exchange was named the “Best Exchange of Cryptocurrencies in Asia.”
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