Established in 2018 and based in Singapore, MXC Exchange (Also known as MoCha) has quickly risen to become one of the largest one-stop cryptocurrency service providers in Asia. MXC Exchange provides users with spot, margin, contract, leveraged ETF, index products, contract, PoS staking and OTC services.
With the recent DeFi hype, many users have been flocking to DEXes in search of new DeFi projects, hoping to find the next 10x-er. MXC Exchange has alleviated the stresses of navigating through decentralized exchanges and has had a recent surge of new users and trading volume on the platform due to their initiative in often being the first to list up and coming DeFi tokens. In August, most of the DeFi projects that were firstly listed by MXC Exchange (such as LUNA, PNK, COMP, LEND) had immediate surges in price action. In addition, each of these token listings on MXC Exchange was closely followed by a listing on the other three major exchanges Binance, OKEx, and Huobi. Over 20 of the DeFi projects that were firstly listed by MXC Exchange were listed on the other three major exchanges.
On top of all this, MXC Exchange has obtained regulatory compliance licenses in many countries, most notably: USA, Canada, and Australia, and is able to conduct all digital asset services in these countries.
Features of MXC Exchange:
Users can invest in the MXC Exchange ecosystem by buying and holding their native platform token MX token. Token holders can enjoy a series of rights and interests through holding the token:
Appreciation of the MX token asset
Return of platform revenue
Voting on the platform
Invest in MXC Exchange SpaceM Launchpad projects
Assessment Zone & Innovation Board
Up-and-coming, newer tokens with a strong community will go through an initial 60 day assessment period in the ‘Assessment Zone’, in which the token listed can be traded. At the end of the 60 day period, the token will be automatically hidden and removed from the ‘Assessment Zone’. If the trading volume and activity of the token were considerable and the community support was strong. The token can then be transferred over to the ‘Innovation Board’, where the token can continue to be traded. After a certain period in the ‘Innovation Board’, the project can be transferred over to the ‘Main Board’, where the token is officially listed on the MXC Exchange to be traded.
There are currently over 350+ active token markets on MXC Exchange. In August 2020, the average daily trading volume was $300m+ (earlier in 2020, MXC Exchange saw daily volumes in the billions.)
MXC Exchange offers one flat fee of 0.2% per transaction (excluding the asset traded) for both makers and takers.
Margin Trading, ETFs & Derivatives
In terms of OTC trading, MXC Exchange is partnered with Simplex, a European regulation-compliance payment company, and Banxa, a legal payment company in South East Asia, allowing users to use Visa and Mastercard to buy cryptocurrencies, like BTC, ETH, etc. directly from their platform
In terms of spot trading, MXC Exchange supports over 200 trading pairs. In addition to the top market cap coins and tokens, it has been the first to list many high-quality DeFi projects such as COMP, MKR, SNX, KNC, LEND, REN, BNT, IDEX, SWTH, OKS, RUNE, KAVA, BAL, UMA, etc. as well as projects in the Polkadot ecosystem, like KSM, EDG, PCX, RING, etc.
In terms of margin trading, MXC Exchange supports the largest number of margins pairs amongst all exchanges in the world. The exchange offers 2-10x leverage with automatic loan and repayment functions available.
In terms of leveraged ETF, MXC Exchange offers Leveraged ETF with 3x leverage. “3L” products = 3x long, while “3S” products = 3x short. The exchange platform offers ETFs for 29 cryptocurrencies, including BTC, BCH, BSV, DASH, ZEC, ATOM, XTZ, ALGO, etc.
MXC Exchange supports three types of PoS: Saving, Staking and Lending. A huge advantage of MXC Exchange's PoS pool system is that users do not have to lock their tokens in and can be taken in and out of the pool as they please. Additionally, users can obtain income by holding assets on the platform.
High Performance Trading
MXC Exchange offers a high-performance trading engine that is built by a strong development team with experience in the finance industry. The exchange boasts 1.4 million transactions per second efficiency and runs their secure servers from Singapore and South Korea.
iOS & Android Mobile App
MXC Exchange offers an iOS & Android Mobile application. The design UI is sleek and easy-to-use and makes trading on-the-go a breeze.
VIP Trading Program
MXC Exchange offers a VIP program for traders who have a monthly trading volume that surpasses 30 BTC. As part of their VIP Program, users get access to lower trading fees and additional perks such as SpaceM Launchpad priority access, etc.
MXC Exchange offers fiat-to-crypto payment gateways through debit/credit card, as well as P2P fiat-to-crypto merchant markets (all merchants verified with 1 million safety deposit required).
Security & Trustworthiness
The exchange has a strong technical team behind them to secure the exchange from hackings. The Assessment Zone & Innovation Board are unique features that ensure trust and strong community support in a token before official listing and transfer to the ‘Main Board’.
TradingView integration for the cleanest and best trading tools and charts.
Our Final Thoughts
MXC Exchange is backed by a very strong founding team of senior practitioners in the blockchain industry and specialists from Wall St. They are a very user-oriented exchange, with the use of their MX Token that is the fuel in the MXC Exchange ecosystem.
The user interface of the exchange is very clean and easy-to-use. Perhaps the thing we love MOST about MXC Exchange is they are on top of the Decentralized Finance (DeFi) wave and constantly adding support for DeFi tokens. The exchange currently offers trading for 17 of the top 20 DeFi Tokens, and are often the first out of all major exchanges to list up-and-coming DeFi projects through their Assessment Zone & Innovation Board.
Currently, there have been no security breaches of MXC Exchange and it is very safe, and secure to transfer your tokens to the exchange for trading.
With the upcoming release of DC/EP in China, it looks like regulations are beginning to open up to cryptocurrencies in Asia in the future. Should things change for the better regarding cryptocurrency policy in Asia, we can see MXC Exchange quickly rising to become one of the largest exchanges not only in Asia, but the world!
Let us know in the comments any questions, comments you have, or if you've traded on MXC Exchange before and what your thoughts are on the exchange. MXC Exchange is currently one of our favorite exchanges to trade on due to the high volume and liquidity, security as well as first-access to hundreds of tokens on the trading platform.