Crypto Exchange MEXC Introduces Second-Level K-Line Function for Real Time Furtures Trading
Brian Njuguna Oct 26, 2022 09:50
To enhance real-time futures trading, crypto exchange MEXC has introduced the second-level K-line function that will incorporate the one-second time period.
To enhance real-time futures trading, crypto exchange MEXC has introduced the second-level K-line function.
The latest function will incorporate the one-second time period, given that the K-line chart usually accounts for minutes, hours, days, weeks, and months as time frames. Per the announcement:
“The second-level K-line introduced by MEXC takes into account “1-second” increments as the time period to generate a single candle chart, which reflects the transaction information in a more timely and intuitive manner, such as the current price, transaction volume, and market depth.”
Since futures are financial derivative contracts that obligate parties to buy or sell an asset at a predetermined future date and price, MEXC seeks to be the first cryptocurrency platform to enhance real-time trading in this market through the second-level K-line function.
MEXC added:
“The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading users, making the experience better and more exclusive.”
The second-level K-line charts will be available for the BTC/USDT and ETH/USDT pairs, but more currencies are expected to be supported in the future.
Launched in 2018, MEXC said its future products provide users with technical experience, liquidity, risk control, fundamental transaction depth, trading mechanism, and system stability.
In August, the crypto exchange rolled out the MX/USDT perpetual trading pair to enhance the MX Futures market and propel the MEXC ecosystem to the next level, Blockchain.News reported.
Since perpetual trading cuts across different crypto sectors like the metaverse, decentralized finance (DeFi), decentralized autonomous organization (DAO), game and finance (GameFi), cross-chain and public chain, MEXC deemed this as a stepping stone towards more adoption.
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