As cryptocurrencies become more popular, several exchanges are entering the market, promising to give users access to these digital assets. M2 is one of those exchanges. The Abu Dhabi-based crypto trading platform has seen its popularity rise in recent months thanks to its excellent customer service and user-friendly interface.
Before trading crypto assets on M2, we recommend reading this guide to learn more about the exchange and how to sign up.
Exploring M2
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Launched in 2023, M2 is a fast-growing crypto exchange regulated by the Abu Dhabi Global Market and the Financial Services Regulatory Authority. Besides crypto trading, it offers other services like loans and crypto payment cards.
Although based in Abu Dhabi, M2 welcomes users from over 150 countries. Its customer base has grown to 300,000 since its launch.
So, who founded M2? The co-founder of Cypher Capital and Phoenix Group, Bijan Alizadeh-Fard, is the brains behind M2. He appointed Stefen Kimmel, who previously worked at the Commercial Bank of Dubai and Kraken, as the exchange’s CEO.
M2 employs several highly experienced individuals in the crypto and fintech sectors, many of whom have worked for well-known companies like JP Morgan, Goldman Sachs, IBM, and Deutsche Bank.
What Can You Trade on the M2 Exchange?
If you like to diversify your portfolio, then M2 has got you covered. You can trade more than 60 liquid crypto assets and over 40 perpetual futures contracts. What’s more, the exchange adopts advanced order types to help users exercise control over their trades. The two types of order you can use on M2 are:
1. TWAP Orders – TWAP or time-weighted average price order helps users execute trades at optimal prices, thus avoiding slippage.
2. Dynamic Orders – Opening trades using this order type allows you to make adjustments to your trading parameters to respond to ever-changing market conditions.
Trading Fees
M2 charges reasonable trading fees. To trade on the spot markets, you will incur a 0.1% fee, while you’ll pay a 0.04% taker fee and a 0.02% maker fee on the futures markets.
How to Sign Up With M2
Here is how you can register with the M2 exchange:
1. Visit M2.com and click the “Register” button. A registration form will appear. Fill it out by providing a strong password, phone number, and a valid email address.
2. Verify both your email and phone number. You can do this by pasting the codes sent to your phone number and email address in the provided space.
3. Select your country of residence from the dropdown list. As mentioned, M2 accepts users from over 150 nations.
4. Provide personal information, including your nationality, full name, and date of birth. Also, you must confirm that you do not live in the United States.
5. Submit your occupational details. Like most exchanges, M2 requires users to provide information about their occupation.
6. Complete Know Your Customer checks. This stage involves uploading your selfie and a government-issued document like an ID card, driver’s license, or passport.
7. Fund your account and explore the M2 trading platform. Once your KYC information has been approved, you can deposit funds and start trading your favorite cryptocurrencies.
M2 Welcome Offers
As a new verified M2 user, you are eligible for the platform’s welcome bonuses. You may receive up to 260 USDT.
You can also complete several tasks to boost your rewards. For instance, you can earn a bonus if you deposit at least $1,000. Moreover, subscribing to M2’s Earn product and committing funds for a specific period can help you earn up to 50 USDT.
The MMX Token
Like most centralized exchanges, M2 has its own native token, MMX, which runs on Ethereum. Holders of MMX enjoy several benefits. For instance, they get early access to new listings and products. Also, they do not pay fees when making withdrawals.
As of July 2024, over 145 million MMX tokens are in circulation, with a market capitalization of $290.29 million. The maximum supply of the digital asset is capped at 500 million tokens.