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Press Release

Digital Asset Platform MEXC Introduces Future Second-level K-line Function

Author

John Asher

Tags

Reading time

2 mins
Last update

Author

John Asher

Tags

Reading time

2 mins
Last update

Author

John Asher

Tags

Reading time

2 mins
Last update

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Digital currency trading platform MEXC has reportedly made an upgrade to the function of future products.

MEXC has launched the second-level K-line function. The platform’s management claims that they’re one of the first crypto exchanges to launch the future second-level K-line function.

At present, the K-line chart of the future trading page on crypto trading platforms primarily accounts for minutes, hours, days, weeks, and months as time frames.

The second-level K-line provided by MEXC takes into account “1-second” increments as

the time period in order to produce a single candle chart, which reflects the transaction details in a more intuitive manner, like the current price, total transaction volume, as well as market depth. 

The introduction of the second-level K-line is able to address the more real-time and detailed trading information requirements of “ultra-short-term,” higher-frequency, and higher-leverage trading users. This allows for a more seamless experience, according to the MEXC team.

As noted in the update, the second-level K-lines have now been added to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for other major currencies should be supported in the foreseeable future.

It’s worth noting that MEXC future products had been introduced back in 2018. In June 2020, a key update was made to the platform’s trading system and products. The upgrade mainly focused on optimization and updating from the aspects that clients tend to be most concerned about. This reportedly included the overall trading system stability, basic depth, security risk control as well as user experience (UX).

Following several years of technical upgrades and product optimization, MEXC’s perpetual future liquidity has now reached fairly high levels, supporting 169 crypto trading pairs and 179

trading currency pairs, with relatively smaller price differences and enhanced depth.

Recently, MEXC also introduced an MX token fee deduction function. This means that experienced future traders may also use the MX Token for fee deduction purposes, and take advantage of a 10% fee discount.

As a widely-used crypto trading platform for aggregate futures, spot, leveraged ETF

transactions and staking services, MEXC’s clients have surpassed 10 million as

of September 2022. 

Notably, CoinGecko data reveals that the daily trading volume of MEXC is around $1.72 billion, of which the daily trading volume of Bitcoin (BTC) is approximately $750 million.

The MEXC team claims they’re among the leading crypto trading platforms, offering what’s described as a “one-stop” crypto trading service for spot, ETF, futures, Staking, NFT Index, and various other options for active traders.

The core MEXC team reportedly has an extensive background in traditional finance (TradFi) and has professional financial product logic and technical security guarantees in terms of crypto products and services. MEXC supports the trading of over 1,600 cryptocurrencies.