MDEX (BSC) cryptocurrency exchange is a decentralized exchange platform that operates on the Binance Smart Chain. It has its own fund pool which provides an additional layer of liquidity. Originally, it was built on the Huobi Ecological Chain (HECO). However, presently MDEX also supports cross-chain transactions between BSC, HECO, and ETH. This platform offers numerous features like liquidity mining, dual mining, token swaps, and automated market maker services.
As a decentralized platform, it does not require any KYC verification process before you get to use it. All you need to do is to connect your wallet to the platform and you are set. Some of the supported wallets on the MDEX (BSC) crypto exchange include Binance Wallet, Binance Chain Wallet, Trust Wallet, Safepal Wallet, Wallet Connect, Coinbase Wallet, and more. Furthermore, users from China, Canada, Singapore, and North Korea are not allowed access to MDEX (BSC) crypto exchange.
Markets
There are over 100 MDEX (BSC) trading pairs available on the platform. The common bases or markets include BNB, ETH, WBNB, BTCB, USDT, BUSD, USDC, DAI, MDX, and DUSD. Apart from the MDEX (BSC) spot trading option, the platform gives users the option of futures and leverage trading. Users can leverage up to 200x with a slippage tolerance of 0.5%.
When it comes to MDEX (BSC) exchange fees, the platform charges 0.01% for price impact and 0.003% for liquidity providers. There is no MDEX (BSC) crypto price paid for withdrawals or deposits. Any charge incurred is paid to the blockchain network in question. Furthermore, holders of the MDX token – the platform’s native token – get up to 50% discounts on trading fees.
Other Services
MDEX (BSC) cryptocurrency exchange provides different opportunities for users to make money. These include farming, staking, the Boardroom, and many more.
About the Company
MDEX (BSC) was founded by Nate Flanders and Anant Handa in 2021. The platform was integrated into the Binance Smart Chain (BSC) in April 2021.
Nate graduated from Florida State College in Jacksonville with a degree in business administration, management, and operations. He was the impetus behind a number of initiatives, including founding ResQ, Crypto Coin Trader, and heading Bitwatch. Anant's academic background includes an MBA from Columbia Business School and a Bachelor of Science in chemical engineering from Purdue University. He has had a variety of positions during his career, including Projects Control Engineer at ExxonMobil Development Company, Investment Banking Associate at Credit Suisse, Product Manager at Apple, and Advisor/COO at Panda Analytics.
By integrating the management of Heco and BSC in 2021, the MDEX cryptocurrency exchange allowed its consumers to transfer their assets across several chains. This integration provided services and transactions through smart contracts throughout its foundational chain as well as the Binance Smart Chain, bringing billions worth of deals and assets to the platform. Additionally, MDEX eventually became involved with the Ethereum network.
As of February 2023, the MDEX (BSC) trade volume ranges around $1,5 million. However, if you're interested in the current MDEX (BSC) volume, take a look above.
