MEXC launches a $20 million fund to support key Sei projects

MEXC has announced the launch of a $20 million ecosystem fund to support the Sei Network adoption. MEXC is a reputed crypto trading platform, featuring in the top 3 crypto platforms in Asia and 10 across the globe.

It was founded in April 2018, and according to our MEXC exchange review, the venture has registered over 7 million users already in 4 years. The mechanisms of MEXC support ETF trading of 300+ cryptocurrencies, futures trading of 120+ cryptocurrencies, and spot trading of 1,500+ cryptocurrencies.

Projects listed on MEXC cover all the sectors like cross-chain, L-2, NFT, DeFi, and GameFi, to mention a few.

MEXC is committed to supporting innovation in the field of cryptocurrency through M&A, strategic investment, and project incubation. It is based on exploring opportunities with partners by sharing resources and providing strong support to them. MEXC has its team members spread across different locations, namely Singapore, the US, and more.

Customer support at MEXC is available 24/7 via email. Other forms are FAQ and live chat support. Known as a consolidated platform for cryptocurrency, MEXC ensures that all its professionals come from a relevant background to contribute better to the ecosystem’s growth.

Sei Labs, the team behind the Sei Network, works with several advantages, like having developers with extensive expertise in infrastructure, order book design, and Cosmos stack, among others. Additionally, members have a background of working at Goldman Sachs, working tirelessly to bridge the gaps between traditional institutions and the decentralized finance sector.

The development comes months after Sei announced that it had raised $5 million from investors like Coinbase Ventures, Hudson Trading, and Flow Traders, intending to support the network as it approaches mainnet launch. Another objective is accelerating the growth of 20 decentralized applications being built in the ecosystem.