What Is AscendEX (BitMax)?
Formerly Known As BitMax, AscendEX Is A Global Cryptocurrency Exchange Platform Serving Retail And Institutional Investors In More Than 200 Territories. The Exchange Underwent A Brand Change In 2021 To Achieve Its Goal Of Becoming The Industry's Premier Cryptocurrency Finance Platform, While Perfectly Combining The Advantages Of A Centralized Exchange With DeFi. Unfortunately, A Few Months Later, The Platform Fell Victim To A Hacking Incident.
On December 11, 2021, Hackers Reportedly Managed To Gain Access To The Exchange's Hot Wallet And Steal $77.7 Million From Three Blockchains (Ethereum, BSC, And Polygon).
Who Is The Founder Of Ascendex?
AscendEX Was Founded By Dr. Jing Cao. He Previously Served As Chief Investment Officer Of Delpha Capital Management LLC, CEO Of HD Consulting Services Group, Inc., And Portfolio Manager Of Knight Capital Group, Inc. After Receiving His Bachelor's Degree From The University Of Science And Technology Of China, Jing Cao Received His Doctorate From The University Of Chicago.
When Was AscendEX Launched?
The Company Was Founded In August 2018 Under The Name "BitMax".
Where Is AscendEX Located?
This Company Is Headquartered In Singapore.
Countries That Restrict The Use Of AscendEX
According To The Company's Terms Of Service, Its Services Are Not Available To Residents Of Singapore, China (Mainland), The United States, And "the Five U.S. Territories Of Permanent Residence - Puerto Rico, The U.S. Virgin Islands, Guam, And The Northern Mariana Islands, As Well As American Samoa In The South Pacific. In Addition, Residents In Areas Where Cryptocurrency Trading Is Prohibited Are Also Unable To Use The Exchange's Services.
What Currencies Can AscendEX Support?
More Than 250 Digital Assets Are Listed On The Exchange. Clients Can Trade More Than 320 Trading Pairs.
What Is The Fee For AscendEX?
All 9 VIP Levels For This Trade Are Determined By The User's 30-day Trading Volume And 30-day Average ASD Holdings. The Transaction Fee Is Based On The User's VIP Level. For Assets With Higher Market Capitalization, The Pending Fee Is 0-0.1%, While The Eating Fee Is 0.02-0%. For Other Counterfeit Products, The Pending Fee Is 0-0.2%, While The Eating Fee Is 0.02-0%.
Can I Trade With Leverage Or Margin On AscendEX?
AscendEX Allows Margin Trading With Leverage Up To 3x, 5x, 10x And 25x.
