MEXC Leads the Pack with $21 Million in Bitcoin Futures Depth

MEXC has solidified its position as a leading cryptocurrency exchange in terms of liquidity, according to a recent report by TokenInsight. The exchange topped the list with $21.03 million in Bitcoin and Ethereum futures depth within a 0.03% price range.

This figure highlights MEXC's effectiveness in concentrating executable liquidity near the market mid-price, resulting in lower implicit trading costs for traders who frequently enter and exit positions.

The report also showed that MEXC demonstrated strong competitiveness in spot markets, with a combined Bitcoin and Ethereum spot depth of approximately $3.58 million within a 0.03% price range.

MEXC's performance was not limited to cryptocurrency markets, as the exchange also recorded low median slippage for precious metals futures. In XAG silver futures, MEXC recorded a median slippage of 0.002% for a $300,000 sell order, the lowest among all surveyed exchanges.