MEXC, a leading cryptocurrency exchange, is helping protect traders from extreme market fluctuations through its Insurance Fund Account.
According to the MEXC team, the Insurance Fund Account had provided over $414 million to cover deficits that occur when losses recorded during liquidation exceed a user’s available margin. Launched in November 2024, the Insurance Fund Account is a testament to MEXC’s commitment to asset security and risk mitigation.
The Insurance Fund is designed to ensure a smooth liquidation process by covering the excess losses experienced by a user during extreme market fluctuations. Notably, the fund is replenished continuously through surpluses from liquidity orders executed at a better-than-expected price. This creates stability, offering overall protection to the MEXC community during periods of high volatility.
MEXC also employs Proof of Reserve with the Insurance Fund to offer traders all the necessary tools to protect their assets against extreme market conditions. MEXC’s Proof of Reserve was created to provide users with a safe and transparent environment free from withdrawal runs. The reserves are home to cryptocurrencies, including USDT, USDC, ETH, and ETH. In the spirit of transparency, the reserve rates are updated every two months.
Since its launch in 2018, MEXC has strived to offer a robust and secure environment where users can come together for different interactions. As one the pioneers of financial services and blockchain technology, MEXC has sought to simply crypto trading, allowing users to unlock it boundless possibilities in this technology. The platform serves 30 million users across 170 countries. Best known for its broad selection of trending tokens, MEXC has over 300 tokens listed on the unit platform to help users capitalize on emerging opportunities.
In addition to the trending tokens, MEXC offers users everyday airdrops, allowing users to receive substantial rewards to increase their digital assets. These daily airdrop events keep the community engaged and interactive and contribute to the growth of the MEXC ecosystem. In 2024, MEXC managed to compete in 2293 airdrop events, which saw over $136 million distributed to users as rewards.
Another added advantage is MEXC’s comprehensive liquidity and market depth, designed to ensure the efficiency and seamless execution of transactions. This feature minimizes slippage, especially during volatile conditions.
MEXC has also gained a lot of traction for offering extremely low fees compared to its counterparts in the market. Its highly competitive trading rates have helped traders reduce the cost of transactions while allowing them to maximize their growth.