MEXC is a cryptocurrency exchange that was founded in April 2018 in Seychelles, East Africa. The exchange has quickly established itself as one of the top 100 cryptocurrency exchanges in the world. The team behind MEXC includes some of the pioneers of the blockchain industry, who have brought their expertise and experience to the platform.

MEXC Ventures currently possesses approximately $100 million in assets under management spread across 300 portfolio companies. Its parent company, MEXC exchange, processed around $600 million in total trading volume in the past 24 hours. The firm is known for its perpetual future products, which launched in the fourth quarter of 2018.

According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC will allocate $20 million to support developments on Sei Network. A layer 1 blockchain designed for trading, Sei Network’s stated features include native order matching, frontrunning protection, smart block propagation and 600-millisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented:

MEXC launches $20M ecosystem fund to support Sei Network A layer 1 blockchain designed for trading, Sei Network previously raised $5 million in funding in August. Join Today For Revolution

MEXC launches $20M ecosystem fund to support Sei Network A layer 1 blockchain designed for trading, Sei Network previously raised $5 million in funding in August. Join Today For Revolution