News

MEXC Exchange Launches Foundation For Web3 Development

Jamie Larson

Aug 20, 2025 — 2 min read

MEXC cryptocurrency exchange announced the creation of MEXC Foundation on August 20, 2025. The foundation received a 30 million dollar budget to accelerate Web3 development and blockchain adoption globally. According to Incrypted, the initiative represents a shift toward corporate responsibility in the crypto industry.

The foundation operates through three main areas. Education programs will provide scholarships and academic partnerships to increase blockchain knowledge. Empowerment initiatives will support underrepresented developers through hackathons and mentorship programs. Community giving extends beyond the industry to include humanitarian aid and environmental projects.

Tracy Jin, MEXC's Chief Operating Officer, stated the foundation aims to drive real-world blockchain adoption. The company plans to introduce scholarship programs in late 2025. Full-scale mentorship and career development initiatives will launch in early 2026.

The foundation addresses talent shortages and accessibility barriers in Web3 development. Globe Newswire reports the initiative represents sustainable ecosystem building rather than short-term profits. MEXC integrated its April 2025 corporate social responsibility program into the foundation structure.

The foundation targets underrepresented regions worldwide to overcome development barriers. Academic partnerships will create pathways for diverse talent to enter the Web3 space. Student hackathons and mentorship programs aim to build the next generation of blockchain leaders.

Universities receive priority for educational partnerships and funding opportunities. The foundation provides development frameworks and testing environments to reduce technical barriers. Open-source learning initiatives will democratize access to blockchain education globally.

Cryptocurrency Exchanges Expand Educational Initiatives

Major cryptocurrency exchanges are increasing investment in education and development programs. Coin Push reports MEXC Foundation partnerships with Korea University create academic research centers. The collaboration focuses on decentralized infrastructure and AI-integrated blockchain solutions.

Competitor Bybit launched the Rising Fund in August 2025 with similar educational goals. PRNewswire reports Bybit's initiative spans 15 geographies across four continents. Both programs represent industry-wide recognition of education's role in blockchain adoption.

Traditional financial institutions are exploring blockchain applications for business operations. This creates demand for skilled developers and innovative solutions that foundations aim to supply. The timing reflects increased institutional interest in Web3 technologies beyond cryptocurrency trading.

Investment in education programs helps exchanges build developer communities and project pipelines. These initiatives position companies as technology leaders rather than trading platforms. Long-term ecosystem building creates competitive advantages in the rapidly evolving blockchain market.