1 investment·1 product on Liners
MEXC Global is a cryptocurrency and digital assets exchange platform that provides spot, derivatives, and other trading services to users worldwide. According to its official materials, MEXC was founded in 2018 and is operated by a professional team with experience in blockchain technology and traditional finance. The platform focuses on high performance trade matching and a broad range of listed digital assets. In addition to operating as a trading venue, MEXC Global also participates as an investor in the crypto and Web3 ecosystem. Based on disclosed deal data, MEXC Global has been active at the seed stage in Africa, with a particular focus on Nigeria. Its recorded investments between February and March 2022 total 10.1 million dollars across three seed funding rounds, all in the crypto and Web3 sector. Within Africa, MEXC Global has backed companies that work on stablecoin infrastructure and Web3 access for emerging markets. Its portfolio in Nigeria includes Fonbnk, which enables users to convert local prepaid balances into stablecoins, and Canza Finance, which focuses on stablecoin liquidity and access to real world assets in emerging markets. These investments highlight MEXC Global’s interest in early stage projects that expand stablecoin and Web3 adoption in high growth regions such as Nigeria.
