MEXC is Traded on Bilaxy
MEXC is pleased to announce that we are adding our third exchanger, Bilaxy, to comply with item (5) of the CoinMarketCap (CMC) regulations as per below:
Due to the launch of the CoinMarketCap indices (administered by Solactive, which is fully compliant with IOSCO Principles for Financial Benchmarks), a project’s eligibility for a Top 200 Cryptoasset Rank will now be determined by market capitalization (8) and the following factors:
1. Our ability to verify the project’s supply information with no incongruities
2. Strengths in a number of areas of Listings Review Criteria’s Section C (Evaluation Framework)
3. Significant liquidity/trading activity with normal bid-ask spreads across sufficient sources of market data
4. Absence of significant price discrepancies across CMC-supported exchanges
5. The asset is traded on at least three non-decentralized exchanges that possess a number of the following attributes:
Once our trading has started, we shall update CMC on this new addition of Bilaxy exchanger to MEXC growing list of exchangers.
At the point of this writing, MEXC market capitalization stood at $531,348,770 USD. Based on the current ranking shown above, MEXC shall be positioned at #22, slotted in between Neo and Ethereum Classic.
Trading shall start on 20:00 GMT/UTC+8 timezone on the Bilaxy BTC market.
Why #22 is Important?
It is important for MEXC and our holders as give it any excuses or negative remarks on CMC, it is still the #1 reference point for traders of cryptocurrencies alike. Being on the first page matters!
Once we’re on the first page, then liquidity shall come in, and more people shall be trading MEXC, which creates demand for MEXC, which in turn, have the effects on the MEXC price.
About Bilaxy
Launched in Apr 2018, Bilaxy exchange is a centralized exchange registered in the Republic of Seychelles and launched in early 2018, Bilaxy exchange claims to have hundreds of thousands of traders from more than 80 countries all over the world.
At the point of this writing, Bilaxy is #1 on CMC with 24-hour traded volume of $1,003,221,140.00 USD
