WILMINGTON, Del., April 23, 2025 /PRNewswire/ — Compass Mining, a leading provider of Bitcoin mining hardware, hosting, and operational solutions, today announced a new partnership with NiceHash, one of the world’s most popular hashpower marketplaces, to offer special discounted mining pool fees to Compass Mining customers.

This collaboration marks the beginning of Compass Mining’s broader initiative to bring added value to its community by securing competitive advantages in pool partnerships—starting with NiceHash. Through the agreement with NiceHash, Compass Mining users will gain access to specially negotiated pool fee rates, enhancing their mining profitability and overall operational efficiency. This partnership leverages Compass Mining’s substantial hash rate, offering NiceHash increased activity, while in return, Compass Mining customers benefit from reduced fees.

“Our mission is to make Bitcoin mining accessible and cost-effective for everyone,” said Kris Bakker, Head of Account Management at Compass Mining. “By partnering with NiceHash, we’re helping miners not only access top-tier infrastructure but also unlock better economics at the pool level by leveraging our significant hash rate to secure more favorable fee structures. This mutually beneficial collaboration empowers our customers while deepening collaboration across the mining ecosystem.”

As part of the partnership, NiceHash will list Compass Mining as a preferred hosting partner, increasing visibility among miners seeking reliable hosting options. The collaboration is mutually beneficial: Compass Mining customers enjoy lower costs, while NiceHash attracts new miners through greater exposure.

“You are who you surround yourself with. At NiceHash we want to surround ourselves with reputable companies, such as Compass Mining,” said Marko Tarman, Lead Mining Manager at NiceHash. “This partnership is a win for NiceHash, Compass Mining and most importantly, a win for our shared users.”

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Compass Mining is committed to exploring further partnerships to enhance customer profitability and operational efficiency. To stay informed on new partnerships for Compass Mining customers, follow Compass Mining’s newsletter, podcast, and social media channels.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

About NiceHash

NiceHash is more than a mining pool – It is the world’s largest hashrate marketplace, connecting buyers and miners. Based and fully regulated in Switzerland, NiceHash has been at the forefront of crypto mining since 2014. With a full suite of software and tools for optimizing big mining operations, custom firmware, lightning network support, and automated payouts, NiceHash is home to many miners that sell their hashrate. Follow NiceHash on X for the latest news and updates @NiceHashMining. Contact a representative at [email protected]. Website: www.nicehash.com.

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VICTORIA, Seychelles, April 23, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has significantly bolstered its reserve holdings, reporting an increase of approximately $389 million in total asset value over the past two months (as of April 21, 2025). The latest audit of MEXC’s Proof of Reserves confirms that all major cryptocurrencies are backed by reserves exceeding 100%, underscoring the exchange’s strong liquidity position and commitment to financial transparency.

Reserve Ratio Update Reflects Strong Growth

As of April 2025, MEXC’s reserve ratios continue to demonstrate solid coverage across all major cryptocurrencies:

The updated reserve ratios highlight consistent over-collateralization, reinforcing user confidence in the platform’s ability to meet withdrawal demands at any time.

Substantial Asset Growth Over Two Months

A comparison between February and April 2025 reveals a notable surge in MEXC’s asset holdings, with total on-chain reserves increasing by approximately $389.1 million:

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The sharp rise signals robust capital inflows during this two-month period.

Strong Capital Inflow Signals Growing Market Confidence

The substantial increase in our reserves over the past two months reflects growing confidence in MEXC’s platform during recent market conditions,” said Tracy Jin, COO of MEXC. “With nearly $390 million in added value to our reserves, we’re not just maintaining our commitment to user security — we’re strengthening it.”

The latest data shows notable growth in Bitcoin and Ethereum holdings, with reserves increasing by 1,649.72 BTC and 21,264.46 ETH, respectively. At current market prices, these additions represent over $179 million in combined value, underscoring rising user activity and capital inflow.

Commitment to Transparency and Security

MEXC continues to conduct bi-monthly Proof of Reserve audits as part of its broader commitment to transparency and user trust. These regular reports allow users to independently verify that their assets are fully backed on-chain, with the latest audit confirming near-zero discrepancies between public blockchain data and platform records.

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“Transparency isn’t just a policy at MEXC — it’s a fundamental principle guiding our operations,” added Tracy Jin. “By publishing these comprehensive reserve reports every two months, we ensure our users have full visibility into the security of their assets.

Multi-layered Security Framework

MEXC safeguards user assets through a comprehensive security architecture that includes:

1. 100%+ Reserve Backing: All user assets are fully backed with reserves exceeding total deposits
2. Insurance Fund: Provides protection against extreme market volatility
3. Regular Audits: Bi-monthly verification ensures continued compliance and transparency
4. Cold Wallet Storage: The majority of user funds are held in offline, secure cold wallets to prevent unauthorized access

The Go-To Platform for Seamless Crypto Trading

In addition to implementing robust safety measures to ensure a secure trading environment, the platform offers a variety of features and services designed to enhance the user experience. These features help traders minimize costs and maximize returns. MEXC is committed to empowering traders by enabling investments across the widest range of assets, ensuring safe and seamless transactions regardless of market conditions.

• M – Most Trending Tokens: MEXC is known for its rapid token listings and diverse selection of popular tokens, helping users capitalize on emerging opportunities. To date, over 3,000 tokens have been listed on the platform.
• E – Everyday Airdrops: MEXC makes it easy for users to engage in daily airdrop events and receive substantial rewards without complex procedures. In 2024, the platform completed 2,293 airdrop events, distributing over $136 million in rewards.
• X – Xtremely Low Fees: MEXC offers highly competitive trading fees, helping users reduce costs and maximize their growth potential.
• C – Comprehensive Liquidity: Backed by strong liquidity and market depth, MEXC ensures the efficient and seamless execution of every transaction, minimizing slippage even during volatile conditions.

These features have helped MEXC attract over 36 million users, establishing it as the platform of choice for an increasing number of traders around the world.

About MEXC

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Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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Following its migration to Arbitrum, MiL.k teams up with Galxe to launch global quests, drive user growth, and bring real-world loyalty rewards to the Web3 ecosystem.

SEOUL, South Korea, April 23, 2025 /PRNewswire/ — Milk Partners, the company behind the blockchain-based loyalty integration platform ‘MiL.k,’ announced a strategic partnership with leading web3 growth platform, Galxe, to connect its 1.5 million Korean users with Galxe’s 33 million-strong global community and unlock new Web3 engagement opportunities. The partnership marks MiL.k’s first global collaboration following its recent migration to the Arbitrum blockchain.

Galxe, is an end-to-end growth platform powered by analytics, automation, and engagement solutions. With over 7,000 partners, it is one of the most actively operated social platforms within the Arbitrum ecosystem, enabling user base retention and ecosystem scalability.

MiL.k’s 1.5 million users and its loyalty ecosystem – built through strategic partnerships with major corporations – will seamlessly be integrated into Galxe’s platform. Together, the two companies aim to create synergies through mid-to-long-term marketing collaborations, bridging Korea with global markets,driving community growth, and expanding their ecosystems.

As part of their first collaboration, MiL.k’s exclusive quest will gradually launch on Galxe’s platform starting April 16. The quest will be available to domestic and international users, with co-hosted quests planned with various global projects in the Arbitrum ecosystem. The collaboration will offer a range of substantial rewards and benefits for participants – providing users with an enriched web3 experience. 

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Additionally, both parties will expand their technical cooperation to connect onchain environments between their services and make it easier for global users to access a variety of content from both MiL.k and Galxe. The collaboration will accelerate the expansion of the Web3 ecosystem through multi-layered efforts including technology integration, marketing, and global user onboarding.

Through its partnership with Galxe, MiL.k aims to collaborate with various global web3 projects within the Arbitrum ecosystem including projects in sectors such as DeFi, gamification, social, and more.

Jung Min Cho, CEO of Milk Partners, stated, “The collaboration with Galxe is significant as it marks MiL.k’s first global project within the Arbitrum ecosystem. We will rapidly enhance our position as a global project by offering new Web3 experiences and practical benefits to users worldwide through various quests we will create together.”

Charles Wayn, Co-Founder of Galxe, echoed similar sentiments,”We’re excited to welcome MiL.k to the Galxe ecosystem in expanding global Web3 engagement. By connecting MiL.k’s robust loyalty network with Galxe’s powerful growth infrastructure, we’re not only bridging Korean users to a global community—we’re unlocking a new wave of utility, collaboration, and opportunity across the Arbitrum ecosystem.”

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