Press release
A New Cryptocurrency Derivatives Exchange Beats the Top 3 in Trading Volume
MyCoinStory (MCS) Report Summary
According to the MCS BTC/USDT Mock Trading Competition Report, the total trading volume of Bitcoin perpetual contracts during the competition period counted approximately 2.7 Billion USDT, which outperformed the trading volume of Bybit, which is industry's third-largest (1,180,702,158 USD) in the same period. The figure MCS achieved was approximately half of the industry leader, BitMEX (57,123,277,071 USD).
Moreover, MCS, for the first time in the industry, publicly announced the average leverage used by traders. Traders were found using an average of 54x leverage, and the leverages used by the top 10 traders averaged at 61x.
MCS team quoted "the remarkable result was only possible thanks to all our valuable traders who participated in the competition and showed great interest in MCS." They also added that MCS will listen and implement the traders' honest feedback and opinions before the official launch."
Currently, MCS Early Bird Registration Event is open till May 25, 3 am (UTC) for everyone who wants to register before the grand opening to get a maximum bonus up to $75 and a 20% discount on trading fees.
Meanwhile, as the price of Bitcoin is continuously showing volatility after the recent halving on May 12, more and more people are looking for ways to hedge through trading on derivatives exchanges like Bitmex and Bybit.
MKT Partners Ltd.
Rm5, 2nd Fl, Olivier Maradan Building, Olivier Maradan St,
Victoria,
Mahe, Seychelles. (P.O Box 2009).
josephc@mycoinstory.com
MCS (MyCoinStory)
MCS (mycoinstory.com) is the next-generation cryptocurrency perpetual contract trading platform created by experts from the financial and blockchain industries.
Together with a team of experts, MCS is walking side by side with traders' to access financial freedom in the best way possible by creating a reliable trading environment for traders which includes enterprise-level IT systems, multilingual online customer support, and a partnership with the industry-leading digital asset custodial company, 'BitGo'.
MCS is constantly improving its trading platform for traders so that traders can dream of a better future. As the slogan #Be_a_Trader shows, MCS is focused on giving every trader in the platform the authentic 'trading' experience through various features and training materials.
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