MEXC's Perpetual Futures Trading Volume Surges 267% in 2024
1min read MEXC, a prominent global cryptocurrency exchange, experienced a significant surge in perpetual futures trading volume throughout 2024. According to the latest annual report from CoinGecko, mexc captured the highest market share in perpetual trading and open interest (OI) volume among all centralized exchanges. This achievement is a testament to the exchange's growing influence and dominance in the perpetuals trading sector.
MEXC's share of the perpetual futures market grew from just 3% at the start of 2024 to 11% by year-end. This notable achievement was driven by the platform’s deep liquidity, competitive fee structure, and innovative trading features. The exchange’s perpetual trading volume share nearly quadrupled, while its oi market share doubled by Q4. This performance placed MEXC among the top five centralized perpetual exchanges, collectively recording $58.5 trillion in trading volume for the year, making 2024 the most active year in the history of futures trading on the crypto market.
Throughout the year, MEXC showed steady growth across key metrics. Its strong focus on listing the most trending and in-demand tokens, combined with low fees in both futures and spot trading, has made it a go-to option for many traders worldwide. The exchange received additional recognition from institutional reports, which stated that MEXC captured the largest market share among centralized exchanges in February 2024, earning it a spot among the top 5 exchanges in overall market share. By identifying trends faster than its competitors, MEXC continues to strengthen its position among top-tier exchanges.
MEXC’s substantial growth in perpetual trading and open interest volume market share demonstrates the exchange’s emerging role as a major force in the cryptocurrency derivatives market. These achievements, supported by the platform’s comprehensive token offerings and methodical approach to capturing market trends, position MEXC as a key player in driving the evolution of cryptocurrency trading. MEXC remains dedicated to enhancing its platform, expanding its offerings, and upholding the highest standards of security and user experience.
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