To improve real-time futures trading, the MEXC crypto exchange has introduced the second-tier K-line feature.

The last function will incorporate the one-second time period, since the K-line chart typically represents minutes, hours, days, weeks, and months as time frames. According to the announcement:

“The second level K line introduced by MEXC takes into account increments of “1 second” as the time period to generate a single candlestick chart, reflecting transaction information in a more timely and intuitive manner, such as price current, volume of transactions and depth of the market”.

Since futures are financial derivative contracts that oblige 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-tier K-line can meet the needs of ultra-short-term, higher-frequency, higher-leverage trading users for more detailed and real-time trading information, making the experience better and more unique.” .

Second level K line charts will be available for the BTC/USDT and ETH/USDT, but more currencies are expected to be supported in the future.

Launched in 2018, MEXC said its futures products provide users with technical expertise, liquidity, risk control, fundamental transaction depth, trading mechanism, and system stability.

In August, the crypto exchange launched the MX/USDT perpetual trading pair to enhance the MX futures market and push the MEXC ecosystem to the next level, Blockchain.News reported.

Since perpetual trading traverses different crypto sectors like the metaverse, decentralized finance (DeFi), decentralized autonomous organization (DAO), gaming and finance (GameFi), cross-chain, and public chain, MEXC saw this as a stepping stone to further adoption.

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