I think a CEX should do better due diligence on which tokens they list. MEXC seems to have the policy of 'more is better.'
I do not agree with this because it's a CEX. They are in control of which tokens they list and when they stop supporting them. This could result in troubles when one of their many listings is under scrutiny for whatever reason. You might think you have an easy way out, only to find out that the token got delisted. For real crypto users, it's not a big issue, but for many retail investors, it is.
But if we compare it with other CEX, they are still a 'small player' with 6 million users. Their main focus is Asia and specifically China, so with Hong Kong getting ready for adoption, their token might be a good buy in the short term. In the long term, I would go for anything with self-custody.
I also do think that with more regulations coming in, they will need to follow the same rules as others on KYC, and CEX will be mainly compared on fees and liquidity depths. Fees are great on this one, 0% on Spot trading, but in terms of liquidity depth, they are nowhere near the biggest player in the market (so prices might be slightly more volatile trading on MEXC). Show Less
