Interview with Catherine Deng, Vice President of MXC Exchange
Bitcoin has recently suffered a significant spike in prices as the expiration date for over $ 6 billion in options contracts approached. However, the price turned out to be much better than expected even as the expiration date approached. The recovery of the coin has already begun, and many speculate that this is due to institutional intervention. Some predictions say that Bitcoin may even start receiving government investment pretty soon, which will accelerate adoption by a stronger one than ever before. With millions and millions of users already joining the industry due to rising prices, and more can be expected in the coming weeks and months, it is more important than ever for investors around the world to have access to some of the best and most popular users. friendly exchanges that can welcome these new users and help them navigate the growing crypto industry, such as the MXC exchange. MXC is a cryptocurrency exchange that was created by crypto in winter 2018. Recently, however, the exchange has begun to attract a lot of interest, and its developers are all experts from financial firms and world-class enterprises. As such, they have extensive experience with blockchain and digital currencies. As mentioned, the exchange has attracted a lot of interest lately, and it is licensed in 5 different countries – Seychelles, Switzerland, Australia, USA and Canada. It has a rich selection of coins – over 370 of them – and more than double the trading pairs (over 750). Its daily trading volume is around $ 4 billion and has thus managed to rank among the 80 best and largest exchanges on CoinMarketCap. He also recently announced a partnership with the Solana Foundation and OKEX to launch two new investment funds that will support the Solana ecosystem. The cryptoindustry has been going through a rather difficult period lately. How did this affect the MXC? （You can rephrase the question as I doubt it can be considered “a difficult period lately?” The answer below is good though.) As always, when there is a lot of volatility, there are those who are quick to try to sell and those who are willing to buy at the bottom. This was no exception. In fact, the fall in price was quite marginal given the value of expiring options, and the rebound began immediately after investors saw that there would be little oversold. This is largely due to institutional traders who rushed to seize the opportunity and buy the dip, so it can be said that their strategy helped Bitcoin and the rest of the market find a foothold so quickly. How many users do you have now? We currently have about 5 million users in over 70 countries around the world. We are truly proud of this milestone, but we are definitely looking to become a platform for new and experienced investors as we move forward. What is the biggest advantage of the MXC? What drives people to your platform? There are many things that attract users to our platforms. We are licensed to comply with regulations in five different countries, so our users know it’s safe to use our platform. We currently offer over 750 trading pairs with trading volumes in excess of $ 4 billion. In addition to this, we offer spot and margin trading, leveraged ETFs, derivatives trading and betting services. Our team members have extensive experience in the blockchain and financial industry and work for world-class companies. There are many options on the platform and everything is done in a safe and secure environment, which is what most people need to feel comfortable enough to trade. They know they can trust us with their money, and we have never done anything to question that trust. You recently managed to enter the top 80 on CoinMarketCap. With such fierce competition, this is a great achievement. How did you do that? The industry is pretty competitive, and without a plan, it’s almost impossible to break through. What we have achieved – gaining user trust, licensing, listing various products, and more – have all gone through the hard work of our developers and team members. We always try to be as transparent as possible with our clients and set ourselves optimistic and realistic goals at the same time. Service quality is our top priority, and as long as we can guarantee it, we are ready to experiment and offer new services, features, products and the like. We have gone a long way with this mindset, but we do not plan to stop there. What products does the exchange offer? MXC offers over 750 cryptocurrency pairs available for spot or margin trading. We have leveraged ETFs offering standard, professional and index trading versions. Then there are derivatives contracts and PoS pools. Most of them have standard and professional versions, so we can meet the needs and capabilities of both novice traders and professionals. Everyone is welcome to MXC and they can easily find what they need in a way that they can understand. What are the most popular pairs on the platform? In most cases, this is a BTC / USDT pair, the volume of which often exceeds $ 40 million. After that, our own MX token paired with USDT usually comes second, followed by the likes of Ethereum Conflux Network, Dora Factory, Ramp and many others, usually paired with USDT. There are a few high-level non-USDT pairs such as MX / ETH or ETH / BTC, but USDT pairs usually make up the bulk of the top 10 when it comes to volume. MXC recently announced a partnership with OKEX and the Solana Foundation. Could you tell us more about this? We have teamed up with Solana and OKEx to launch two investment funds that will bring an additional $ 40 million in new capital to the Solana ecosystem. It is planned to use this capital to accelerate the development and growth of some of Solana’s key projects. Our team will provide support for Solana-based decentralized applications and projects and help them ensure their future success and survival. Our goal has always been to forge close partnerships with some of the most promising blockchain ecosystems, and Solana’s potential definitely puts it at the top of the list of projects we are interested in supporting. After all, in the last month alone, Solana has seen the launch of over 50 market-ready projects, which opens up many new opportunities and we want to be there to ensure that these and future projects get everything they ever need to thrive. How will MXC help the Solana ecosystem grow? Our primary goal in this partnership will be to provide support, new capital and assistance to accelerate the growth and development of the best projects emerging in the Solana ecosystem. Starting a new project and taking off is difficult in the best conditions, not to mention a highly competitive and extremely volatile industry like cryptocurrency. We have seen many projects with potential failure just because they lacked resources or were launched at the wrong time. By choosing key projects, we will help not only the crypto industry develop and create new use cases, but also the Solana ecosystem itself, which will become much richer and prosperous with every strong, competent project that finds its foothold as soon as possible. , and begins to grow. When you have a good project, all you need is the right environment, and success is almost guaranteed. Solana has good projects and we are going to create conditions. What can you tell us about the new investment funds that you are planning to open? There will be two – two strategic investment funds that will bring in a total of US $ 40 million in new capital. (A total of 20 million investment funds excluding Okex). In essence, this will be our contribution, which will drive the growth and expansion of projects – the resources to market for the development of protocols and decentralized applications. How will MXC benefit from the partnership? This investment confirms our belief and commitment to ensuring the success of the decentralized apps and platforms built on Solana. Solana will be the first step for high quality blockchain projects that can help revolutionize not only the crypto industry, but all other industries they can focus on. Strategic work with the Solana team is naturally linked to our own vision and market position. We don’t need more to make the right move. Simply put, by helping Solana, we help her projects, and through them – the future of the financial and other industries that these projects seek to touch and improve. See more from BenzingaClick here to see options trading from BenzingaSocial Crypto Trading Begins: Interview with a Lead Trader at Decoin A New Era of Privacy Supported by the Decentralized Cloud: Interview with Opacity CEO Jason Coppola © Benzinga.com, 2021. Benzinga does not advise on investment. All rights reserved.