Finally, nowadays, American crypto traders can have direct access to 1331 coins and 1847 trading pairs with MEXC Exchange.
If you are in the US then even Binance, one of the most used crypto exchanges doesn’t seem to be any good as Binance US offers HUNDREDS fewer coins to trade. No advanced trading options and that is why Binance.US does only a fraction of the business ‘big’ global Binance does. Thank goodness we have MEXC Exchange that bridges this BIG gap for the US residents and supports trading of 4 times as many coins as Binance. But that’s not it. MEXC has a lot more to offer. Let’s take a deep dive!!
MEXC is based in Seychelles but most of its team is in Singapore. It’s one of the best and fastest centralized exchanges (CEX). They say their software and trading engine allows for 1.4 million transactions per second. That’s really fast and powerful.
Moreover, MEXC Exchange serves over 6 million customers in over 70 countries. They’ve also gone through licensing in some of the traditionally difficult jurisdictions like Australia and the US. And that’s a big win.
In addition, the exchange was founded in 2018. Current CEO, John Chen, has been on the job for a year from his previous position as Global Partner. Most of its officers have public LinkedIn profiles. A total of 193 employees at the company so they have a deep presence there for more research.
MEXC strives to be the world’s leading exchange for altcoins, and it’s working. A look at the most recent 24-hour trading volume shows that MEXC is #5 at ~$2.7 billion. But the staggering number is that they crush Binance (who is #1 in volume) in both coins available to trade AND trading pairs.
Moreover, MEXC offers almost 4x as many coins (1331 vs 364) and more pairs (1847 vs 1448) than Binance does. All that while earning CoinGecko’s highest trust score. They also have one of the easiest onboarding processes with no KYC for up to 10 BTC. It’s so easy and fast. Some services like P2P trading you can’t access without KYC but most of MEXC is fully accessible.
In addition, MEXC offers lots of ways to trade and invest including:
So there’s a way you can trade and invest in the cryptos of your choice here pretty easily. And it’s not just feature-rich. It’s easy to use too. Cryptopress rated MEXC as one of the top 6 exchanges for beginners to use.
If you like what you hear so far and you want to give MEXC a try, they’ve agreed to give you $124 in bonuses including 1 month free of Altcoin Buzz Access if you SIGN UP and open a new account. 
Centralized exchanges and centralized apps in crypto generally are good investment opportunities for VCs and other strategic partners. After all, they know who and what handles keeping it operating smoothly. So it’s no surprise there are lots of heavy hitters involved with MEXC. MEXC’s Partners include:
It’s a Who’s Who of crypto projects and crypto investment teams.
On the other hand, MEXC has a full set of services it offers to traders and investors, as we’ve mentioned already. They also have their own token, MX. We will give the token more attention in just a minute. That said, there’s no real ecosystem to speak of. Just full-service trading and investing. And maintaining that at the high level they do is difficult enough.
In addition, the one major ecosystem service they have is venture investment through MEXC Pioneer. Pioneer invests in other projects. So far, over 100, including some big ones like Star Atlas, Gala Games, and Moonbeam.
Note: The Pioneer program is accepting investments and partnerships from VCs and active investors in the space.
If you want to use the Launchpad, DeFi mining, or qualify for airdrops on MEXC then you need to use their native token, MX. With the token, you also qualify for lower fees and can vote on new project listings since part of MX’s use is governance. Also, MX is burned on every spot and ETF trade.
The Total issuance of MX is 1 billion and there are 100 million currently in circulation. But last month, MEXC burned 4.5 million MX, and with more trades come more burning.
It’s important to tell that MX is an ERC-20 token currently priced at $2.49 for a current marketcap of $250 billion. The contract address on Etherscan says the maximum supply now is 450 million based on all the burnt tokens taken out of circulation. Almost 3000 people own the token now. Many of them are traders on the site and buy directly from MEXC or get it from Huobi.
On the other hand, as a large global exchange, other centralized exchanges like Binance, Bybit, Huobi, and Crypto.com are its main competitors. But a few of these like Huobi and big Binance (the full-service one) are not available to Americans and some other markets while MEXC is. So that’s a big advantage for MEXC.
Also, on fees, access, and trading pairs, MEXC does very well against Crypto.com or Coinbase offering more coins and pairs for less. Overall MEXC is in a good position even if Binance or some other exchange becomes much larger. We think there will be more than one winner among CEXs just like there will be more than one winner in DEXs, Layer 1s, DeFi, and NFTs.
According to the team, the one big thing they want to do this year is to penetrate the North American market. The Americans who work with us here at Altcoin Buzz had no idea that they could use MEXC and all its features until we told them. You may not have known either.
Since Americans are effectively banned from launchpads, Binance (most of their features), Huobi, BitMex, and Bitfinex, among others. They just figured they couldn’t use MEXC and its many services either.
Note: If you KYC to increase your limits and you are from the US, then you won’t be able to use the launchpad at MEXC either. But many services including options, futures, and ETFs with leverage, you CAN use just like if you weren’t a dreaded American.
MEXC felt it was important to get the licensing needed for the US. And now that they have it, they are trying to get the word out that they are in the US and open for business.
Get $124 for SIGNING UP with MEXC Exchange (FREE $25 in your MEXC wallet + 1-month ACCESS PRO membership) (worth $99). MEXC supports U.S Traders in all trading pairs and services.
(To get your ALTCOIN BUZZ ACCESS PRO membership DM us with your ‘newly signed up MEXC UID’ and ‘Telegram ID’ on our Twitter @altcoinbuzzio)
Find the most undervalued gems, up-to-date research and NFT buys with Altcoin Buzz Access.
For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by MEXC. Copyright Altcoin Buzz Pte Ltd.
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