VICTORIA, Seychelles, April 2, 2025 /PRNewswire/ -- MEXC, a leading global cryptocurrency exchange, experienced a substantial rise in perpetual futures trading volume throughout 2024. According to CoinGecko's latest annual report, MEXC captured the highest market share in perpetual trading and open interest (OI) volume among all centralized exchanges.
Key Takeaways:
MEXC's share of the perpetual futures market grew from just 3% at the start of 2024 to 11% by year-end — a notable achievement driven by the platform's deep liquidity, competitive fee structure, and innovative trading features. This performance placed MEXC among the top five centralized perpetual exchanges, collectively recording $58.5 trillion in trading volume for the year. This makes 2024 the most active year in the history of futures trading on the crypto market.
Throughout the year, MEXC showed steady growth across key metrics. Its perpetual trading volume share nearly quadrupled, while its OI market share doubled by Q4. The exchange's strong focus on listing the most trending and in-demand tokens, combined with low fees in both futures and spot trading, has made it a go-to option for many traders worldwide.
The exchange received additional recognition from institutional reports such as TokenInsight, which stated the exchange captured the largest market share among centralized exchanges in February 2024, earning it a spot among the top 5 exchanges in overall market share. By identifying trends faster than its competitors, MEXC continues to strengthen its position among top-tier exchanges.
MEXC's substantial growth in perpetual trading and open interest volume market share demonstrates the exchange's emerging role as a major force in the cryptocurrency derivatives market. According to CoinDesk data, the exchange also captured the largest market share among centralized exchanges in February 2024, securing a place in the global top five for overall trading volume.
These achievements, supported by the platform's comprehensive token offerings and methodical approach to capturing market trends, position MEXC as a key player in driving the evolution of cryptocurrency trading. MEXC remains dedicated to enhancing its platform, expanding its offerings, and upholding the highest standards of security and user experience.
About MEXC
Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
MEXC Dominates 2024 Perpetuals Surge, Secures Top 5 Global Ranking
VICTORIA, Seychelles, April 4, 2025 /PRNewswire/ -- KuCoin, a leading global cryptocurrency exchange, has successfully completed its SOC 2 Type II audit, marking a significant achievement in its commitment to the highest security and compliance standards. The audit demonstrates the exchange's unwavering dedication to security, availability, confidentiality, privacy, and processing integrity.
SOC 2 is an internationally recognized auditing standard that evaluates how well companies safeguard customer data and ensure system reliability through rigorous internal controls. The Type II certification specifically focuses on the effectiveness of a company's internal controls over a defined period.
The comprehensive audit, conducted over the course of a year by Decrypt Compliance, assessed KuCoin's policies, procedures, and systems to ensure they align with industry-standard Trust Services Criteria. The independent review confirmed that KuCoin's security practices are robust and reliable.
BC Wong, CEO of KuCoin, commented on the achievement, stating, "Attaining the SOC 2 certification underscores our dedication to implementing robust security measures and operational controls. This is also a solid step in our compliance strategy, from mandatory KYC for all users, to actively obtaining and applying for compliance certifications in multiple countries, including the MiCAR license, to now securing the SOC 2 certificate. Every step is a milestone in our journey to build a secure, transparent, and trusted platform."
This certification is not only a reflection of KuCoin's operational excellence but also a promise to its global community of over 40 million users. The exchange continues to strengthen its security protocols, enhance transparency, and ensure a resilient trading environment where both seasoned traders and newcomers can engage with confidence.
Looking forward, KuCoin plans to further bolster its security measures, invest in cutting-edge technologies, and maintain an open line of communication with its users regarding security practices and operational improvements. The exchange remains focused on building an inclusive platform for the global crypto community, where users can confidently trade and invest in digital assets.
For more information about KuCoin's security commitment and future initiatives, visit KuCoin Security.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
KuCoin Achieves SOC 2 Type II Certification: Strengthening Security and Compliance Standards
