MEXC Global’s CEO has a good motto: “Users first, Service foremost”. It is a nice concept to put in the center of your business model which is exactly what MEXC seems to be doing with its new Zero Maker Fee policy implemented across all spot pairs which is something that we haven’t seen in the market up until this point.
The exchange was founded back in 2018 and has been offering a wide range of different brokerage services to many users from across the globe. The platform had a user-oriented approach to building its business from the get-go by implementing products that cater to a diverse audience. MEXC has automation solutions like copy-trading, perpetual futures, and other derivatives for speculative trading, and a massive spot market.
The catalog of financial products continues expanding, but there is one big move that the firm made recently that can make it one of the biggest destinations for traders from across the globe. They implemented a Zero Maker Fee applied to ALL pairs featured on the spot portion of their platform. While many think that such policies are implemented by many other exchanges, we beg to differ.
Binance has Zero Maker Fee, but you can only benefit from it if you are trading pairs involving the native pegged token BUSD. ByBit has several pairs that are not subjected to maker fees. Some other companies also have similar offerings, but they are always limited to at least some degree. MEXC takes things much further by using 0 fees on all traded pairs. The move is beneficial to over 7 million users that can access the platform internationally.
As of the time of writing, the exchange has reached a daily trading volume of $1.6 billion on its spot section alone. Note that the spot market of MEXC has over 1.5 thousand different pairs you can trade. It seems that the exchange is looking into ways to disrupt the market and try to overtake big sharks like FTX and Binance with more lucrative offers and an expansive catalog of financial products.
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