AscendEX (Bitmax)
Introduction
AscendEX, formerly known as BitMax, has become one of the most progressive cryptocurrency platforms in the market. Established in 2018, the exchange quickly garnered attention from traders due to its advanced approach to trading, emphasis on security, and commitment to customer service. The AscendEX founders aimed to create a platform that would combine a deep understanding of traditional finance with cutting-edge blockchain technologies.
History and Mission
The idea behind AscendEX originated from a group of experts with a rich background in finance, technology, and blockchain. They set out to create a platform that would not only ensure a high level of security and performance but be accessible to a wide range of users, from beginners to professionals. The evolution of the exchange ran in tandem with the flourishing and maturation of the cryptocurrency market, compelling AscendEX to promptly adjust to dynamic conditions and the changing traders' requirements.
Team
The AscendEX team, led by George Cao, brings together professionals with deep knowledge of finance, technology, and risk management. This synergy of expertise forms the foundation of the exchange's development strategy, allowing it to stay at the forefront of innovations in the rapidly changing cryptocurrency landscape.
Location and Global Reach
AscendEX is based in Singapore, one of the world's leading financial centers. This strategic location helps the exchange interact effectively with international financial structures and be at the center of innovative financial technologies. The exchange operates in over 190 countries, including Poland, Japan, Australia, etc. Banned (restricted) countries include the United Kingdom, Canada, the United States, China, and Singapore.
Available Cryptocurrency and Trading Tools
AscendEX stands out among other exchanges due to its wide range of trading tools and support for over 200 cryptocurrencies. The platform offers traditional spot, margin trading, futures, and innovative financial products such as staking and decentralized finance (DeFi) services. This diversity makes AscendEX appealing to a broad spectrum of users, from individual investors to institutional traders.
Fee Structure
AscendEX's fee policy is designed to attract active traders and maintain competitiveness in the market. The fee structure is dynamic and can adapt based on the user's activity level and trading volume. The discount system for ASD token holders acts as an additional incentive for users, enhancing their loyalty and involvement in the platform.
Margin Trading and Risk Management
AscendEX actively expands margin trading capabilities, offering up to 10X leverage. It allows traders to increase potential profits, but it's crucial to keep in mind that trading with leverage also carries high risks. The platform provides risk management tools, including stop-loss and take-profit orders. Users also have access to in-depth market analysis and an intuitive interface for monitoring and managing their positions.
Conclusion
AscendEX is more than just a cryptocurrency exchange; it is a platform that strives to provide users with cutting-edge technology, a wide range of trading instruments, and quality service. A strong team, deep technological expertise, and a customer-centric approach make AscendEX a go-to platform for traders and investors.
Founding Partner & CEO AscendEX