Trading Platform AscendEX

AscendEX

The cryptocurrency trading platform AscendEX (previous name BitMax) has become extremely popular over the past few years. It provides market players with ample opportunities and a high level of protection for digital assets. Following a rebranding in 2021, the exchange renamed its own token from BTMX to ASD. Account holders can not only trade numerous coins with minimal fees, but also take part in getting promising cryptocurrencies.

History

The BitMax trading service went live in 2018, but on March 22, 2021, the owners of the resource rebranded it. As a result, the exchange was renamed AscendEX. The founder and CEO of the platform is George Tsao. He is assisted by a team of developers who are constantly improving the interface and adding new functionality for the most efficient trading (exchange) of digital assets.

The owner of the exchange is BMXDM Technology Pte. Ltd. The place of incorporation of the firm is Singapore. The platform operates without a license. It is fully decentralized and free from the control of official regulators.

Services

Cryptocurrency exchange AscendEX provides traders with spot and margin trading options. They can invest in promising projects and products based on blockchain technology. Other features of the platform include:

  • stacking;
  • availability of futures contracts;
  • mining of various digital assets.

The platform supports trading in numerous coins. Today, the listing on the AscendEX exchange includes all popular cryptocurrencies, with their number regularly increasing. There are 247 active trading pairs, including fiat money. Several dozen coins are available for margin trading.

How AscendEX makes DeFi accessible to everyone

Features

Cryptocurrency exchange AscendEX is a global trading platform. In 3 years of operation, the project has transformed from local to international and the number of users has grown to one million. The service is in demand in Western European countries, the USA and the Middle East. The company is in the top 10 in terms of return on investment in IEO, actively promotes various DeFi projects (e.g. Thorchain, Serum, etc.). The management of the exchange provides users with the unique option of purchasing digital assets at the initial stages of listing, when their price is minimal.

The platform is ideal for small and institutional investors. Two types of personal accounts are available on the official website of AscendEX. The first option is standard, the second is professional. By making the right choice, you can eliminate the irrelevant list of options by focusing on the required options. In the professional account there are a huge number of tools for spot and margin trading.

On the AscendEX exchange, anonymous trading is allowed, which attracts a huge number of users. However, in this case, a list of limits is introduced. Verification is required to activate the entire functionality of the platform. A small amount of customer funds are placed on hot wallets, but most are transferred to cold vaults. Access to them is constantly monitored. On the official website, it is possible to use 10 languages, including Russian.

Thus, the exchange AscendEX is a logical extension of the BitMax brand. In a short period of time, the company managed to attract more than a million users, which speaks for its convenience, decentralization and rich functionality. The platform has a good level of security, which mitigates the risk of asset theft.