MEXC Global prepares to increase its position in the market, following a strategic partnership with Simplex. In doing so, the company will lower the barriers to entry when it comes to onramps and support more currencies.
MEXC Global Expands OTC Trading
MEXC Global, one of the leading Asian cryptocurrency exchanges, acknowledges the potential of OTC trading. Focusing on this market segment can prove highly beneficial. Forging a strategic partnership with Simplex is a major milestone. Not only will this make MEXC Global's OTC solution more versatile, but it allows for introducing additional onramp services.
For us at MEXC Global, it is crucial to cater to the needs of its users. Introducing support for additional currencies and adding more onramp services will elevate their over-the-counter segment to a whole new level. By taking steps like these, we can make cryptocurrencies more accessible to the broader public.
As an EU licensed financial institution, Simplex provides global fraud-free payment processing, accepting a variety of payment methods to ensure partners enjoy a global reach with the highest conversion rates. Users enjoy the ability to easily capitalize on the markets, while Simplex partners like MEXC can enjoy the conversion-boosting flow, global support, security, and advanced risk-free screening methods, as well as full chargeback protection.
Tapping Into the European Market
Given Simplex's leading position in the global market, this partnership will help MEXC Global expand its reach across Europe. As Simplex is a licensed financial institution (EMI), MEXC Global can make full use of the firm's global reach and support for different payment methods and currencies, as well as various methods for onramps including bank cards, SEPA transfers, and more. The full suite of onramp methods are provided while reducing fraud, increasing conversion, providing stellar customer support, and providing zero fraud chargeback risk exposure.
MEXC Global Global Operations Director Alex states:
"At MEXC Global, we are constantly striving to expand our global reach and improve overall cryptocurrency adoption. This strategic partnership with Simplex will help us take our OTC trading service in Europe to the next level. We will continue to push the envelope to make Bitcoin as accessible as it possibly can be."
“As a company we're driven to enable anyone, anywhere, to buy any digital assets or currency. We're excited to expand onramp methods for MEXC and enable greater access to the ecosystem for users globally”, - said Rachel Siegman, Head of Marketing at Simplex.
More about MEXC:
Established in April 2018, MEXC Global is one of the world’s leading digital asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.
More about Simplex:
Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, we pioneered the first riskless global fiat onramp using a credit and debit card, which promises a zero chargeback guarantee. Simplex Banking offers the Simplex fraudless payment processing, with global payment accessibility. Working alongside the biggest names in the crypto ecosystem, Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020. Put simply, Simplex is making crypto accessible to all, turning the complex into the Simplex.