PANews reported on August 20th that global cryptocurrency exchange MEXC announced the establishment of the MEXC Foundation, which aims to accelerate the responsible growth and inclusive adoption of the blockchain and Web3 ecosystems. The Foundation will promote innovation, cultivate talent, and expand global opportunity through three pillars: education, empowerment, and community welfare.

MEXC previously launched a $30 million corporate social responsibility program , which will now be incorporated into the Foundation's framework to expand its long-term social impact. The Foundation plans to launch scholarship and mentoring programs by the end of 2025 and a comprehensive career development program in early 2026, focusing on supporting the growth and adoption of Web3 in underdeveloped regions around the world.