Mexico-based cryptocurrency platform Mexo aims to promote the introduction and use of cryptocurrencies for new users through a “Paper Trading” or “Paper Trading” competition that has been running with simulated money since September 11th through November 24th. This was reported to Cointelegraph in Spanish through a statement.
According to this statement The person with the highest earnings makes $ 1,000.
Maggie Wu, CEO and Co-Founder of Mexo and Krypital Group, commented:
“When we planned to develop the paper trading feature, we saw it as a teaching tool that more new traders could use to learn and practice what open-ended contract trading is and how it works. Our mission is to build a cryptocurrency exchange platform that is completely end-user focused. We want users to have a place where they can practice and learn more about trading cryptocurrencies without any real money risk. ”
As stated, anyone interested can participate. The participant just needs to create an account in Mexo to have simulation resources to work with without investing any real money.
DeFi tokens and “unlimited contracts”
The company also emphasized that it is possible in Mexo to operate DeFi tokens and “open-ended contracts” for cryptocurrencies such as BTC, LTC and XRP, among others.
From Mexo, they made it clear that the “open-ended contracts” market is “a complicated and sensitive product”. Maggie Wu commented, “We believe the time is right to showcase it in LATAM and give operators in this space more trading tool options to help them meet their financial goals.”
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