AscendEX

AscendEX Crypto Exchange Review

Overview and General Information

AscendEX (formerly BitMax) is a global digital asset financial platform established in 2018 by a team of experienced quantitative trading professionals from Wall Street.^[1,3,5] The company rebranded from BitMax to AscendEX on March 22, 2021, with the goal of becoming a leading financial platform for cryptocurrencies by effectively combining the strengths of both centralized and decentralized finance (DeFi).^[1,3,5] While specific details regarding certifications and licenses held by AscendEX are not readily available publicly, it's crucial to independently verify such information through official sources or regulatory websites before engaging with the platform.

Products and Services Offered by AscendEX Crypto Exchange

AscendEX provides a comprehensive suite of products and services for cryptocurrency trading and management:

Trading Services: AscendEX offers trading across more than 200 trading pairs, encompassing cash, margin, and futures trading.^[1,3,5] Margin trading supports over 50 tokens using a cross-asset collateral model, and futures trading is available in both cross-asset and isolated margin modes.^[1,3,5]

Additional and Special Services:

• Staking Support: AscendEX supports staking for over 200 leading blockchain projects, providing competitive yields and contributing to the overall growth of the crypto ecosystem.^[1,3,5]
• Wallet Infrastructure: The platform boasts a robust and secure wallet infrastructure designed for efficient and safe management of digital assets.^[3]

Product Features and Conditions

Several key attributes define the AscendEX trading experience:

• Trading Enrolment: The platform offers a user-friendly onboarding process accessible through API, web, H5, and mobile app interfaces. The API supports a wide range of order types, catering to both professional traders and individual investors.^[3]
• High-Performance Design: AscendEX leverages institutional-grade trading architecture, advanced in-memory matching algorithms, distributed real-time messaging frameworks, and asynchronous non-blocking read/write technologies to ensure high-speed, reliable performance.^[3]
• Transparency: Transparency is a core principle of AscendEX. The platform operates with real-time settlement and 24/7 trading, aiming to enhance market liquidity, optimize blockchain structures, and improve market depth through transparent transaction processing.^[3]

Contact Channels and Customer Support

While AscendEX operates 24/7, providing continuous support, specific contact details such as phone numbers or dedicated email addresses are not readily available on their publicly accessible websites. The platform likely offers chat support through its website, but concrete details remain scarce. There is no information available regarding physical branch locations. The quality of the support is generally considered high based on user feedback, though quantitative metrics or ratings are limited.

Pros and Cons of AscendEX Crypto Exchange

Pros

• Wide Range of Trading Options: Offers over 200 trading pairs, covering cash, margin, and futures trading.^[1,3,5]
• Robust Wallet Infrastructure: Provides a secure and user-friendly wallet infrastructure for managing digital assets.^[3]
• Staking Support: Supports staking for over 200 industry-leading blockchain projects, offering potentially high yields.^[1,3,5]
• High-Performance Design: Employs advanced technologies for high-performance trading, including institutional-quality architecture and real-time messaging frameworks.^[3]

Cons

• Limited Customer Support Information: Specific details about contact methods and service hours are not readily and centrally publicized.
• No Physical Branch Locations: Users must rely exclusively on online support channels.

Summary of AscendEX Crypto Exchange Review

Who is it Best Suited For and Why: AscendEX is well-suited for both institutional and retail traders seeking a comprehensive digital asset trading platform featuring advanced tools like margin trading, futures trading, and staking options.^[1,3,5] Its high-performance design and robust wallet infrastructure make it attractive to both beginners and seasoned traders.

Final Thoughts on Value and Choosing the Company: AscendEX provides a strong set of features catering to a broad range of traders. Its emphasis on transparency, efficiency, and resilience positions it favorably within the crypto market. However, the lack of readily accessible customer support details might be a concern for some potential users. Further investigation into customer support channels directly through the AscendEX platform is recommended.

Frequently Asked Questions about AscendEX Crypto Exchange

Q: What is AscendEX?

AscendEX is a global digital asset financial platform founded by Wall Street quantitative trading veterans in 2018. It offers a variety of trading services including cash, margin, and futures trading.^[1,3,5]

Q: What are the key features of AscendEX?

Key features include trading across more than 200 pairs, margin trading on over 50 tokens, futures trading in cross-asset and isolated margin modes, staking support for over 200 blockchain projects, and a secure wallet infrastructure.^[1,3,5]

References

1. https://www.cryptoworth.com/integrations/ascendex
2. https://discuss.codecademy.com/t/faq-learn-html-tables-spanning-columns/267353
3. https://zenledger.io/exchanges/ascendex/
4. https://ascendex.github.io/ascendex-pro-api/
5. https://liquidityfinder.com/insight/crypto-data/exchanges/ascendex