MEXC Hits Top 3 Global Crypto Exchanges with $1.79B Inflows

MEXC has solidified its position as one of the top three global centralized exchanges (CEXs), with impressive net monthly inflows of $1.79 billion in March, marking a 12.4% increase from the previous month.

Despite a broader market slowdown, the Seychelles-based exchange has maintained robust momentum, attracting $77.5 million in net inflows in the last seven days alone, according to data from DeFiLlama. This growth trajectory positions MEXC ahead of competitors like KuCoin and HTX, showcasing its resilience and growing credibility within the industry.

MEXC’s success is largely attributed to its “Zero Trading Fee” campaign, which significantly increased trading volumes. Key trading pairs like SOL/USDT, ADA/USDT, and DOGE/USDT experienced substantial growth, with SOL/USDT up 185.62%, ADA/USDT surging 369.44%, and DOGE/USDT rising 82.87%. This resulted in a notable increase in market share, with these pairs outperforming competitors on CoinMarketCap.

MEXC has experienced rapid growth, largely due to its strategic focus on the BNB Chain ecosystem, which contributed over 50% of new user trades in March and a 63.5% increase in trading volumes month-over-month. Notable tokens like MUBARAK, BUBB, and TUT gained significant attention, with returns reaching up to 10,900%, boosting liquidity on the exchange. MEXC capitalized on its first-mover advantage by being the first to list the CZ-concept token MUBARAK, which skyrocketed by 1,377.5% within 24 hours. This success, along with a 76% increase in active traders, highlights MEXC’s ability to identify and leverage lucrative opportunities, enhancing overall user engagement and platform activity.

Notably, MEXC has partnered with the Solana-based token issuance platform pump.fun to enhance the integration of decentralized finance (DeFi) with centralized finance (CeFi). The exchange launched DEX+, a hybrid trading platform that enables the trading of over 15,000 decentralized tokens from the Solana and BNB Chain ecosystems directly through the MEXC app or website, improving accessibility and flexibility in crypto trading.

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.