AscendEX (formerly BitMax) is a leading global digital asset financial platform founded by a group of Wall Street quantitative trading veterans in 2018, building on core value of “Efficiency, Resilience and Transparency.”
Driven by its continuous innovative product development and early-mover advantage in strategic alignment with the leading projects from DeFi ecosystem, AscendEX offers trading services across over 200 trading pairs across cash, margin, and futures products, in particular margin trading of over 50 tokens in cross-asset collateral mode and futures trading in both cross-asset and isolated margin modes.
What is AscendEX (BitMax)?
AscendEX, formerly known as BitMax, is a global digital asset financial platform founded in 2018 by Wall Street quantitative trading veterans. The platform emphasizes core values such as Efficiency, Resilience, and Transparency, serving both retail and institutional clients across more than 200 regions. The rebranding initiative, launched on March 22, 2021, aims to position AscendEX as a leading financial platform for cryptocurrencies, combining centralized trading with DeFi strengths.
Founders of AscendEX
AscendEX was founded by Dr. Jing Cao, a seasoned professional with experience in roles such as Chief Investment Officer at Delpha Capital Management LLC and Portfolio Manager at Knight Capital Group, Inc. Dr. Cao holds an undergraduate degree from the University of Science & Technology of China and a doctorate from The University of Chicago.
AscendEX Launch Date
The platform was initially launched under the name "BitMax" in August 2018.
Location of AscendEX
AscendEX is headquartered in Singapore.
Restricted Countries on AscendEX
The platform's services are not offered to residents of Singapore, China (Mainland), the US, and five US permanently inhabited territories. Additionally, services are restricted in regions where crypto trading is banned.
Supported Coins on AscendEX
AscendEX lists over 250 digital assets, allowing customers to trade on more than 320 pairs.
AscendEX Fees
Transaction fees on AscendEX are determined by the user's VIP level, with 9 VIP levels based on 30-day trade volume and average ASD holdings. Fees range from 0-0.1% for makers and 0.02-0.1% for takers on large market cap assets.
Leverage and Margin Trading on AscendEX
AscendEX supports margin trading with leverage options of up to 3X, 5X, 10X, and 25X.
AscendEX Team
The leadership team of AscendEX includes George Cao (Co-founder and CEO), Ariel Ling (Co-founder and COO), and Shane Molidor (Global Head of Business Development).
Mobile Support
AscendEX offers a mobile trading platform for both iPhone and Android users, providing flexibility for traders who prefer mobile trading.
Leveraged Trading
The platform allows leveraged trading, enabling users to borrow funds for crypto investments. However, it comes with risks and potential for both significant profits and losses.
Deposit Methods on AscendEX
AscendEX has partnered with Simplex, an EU-licensed payment processing company, to provide credit/debit card payment solutions. Users can purchase digital assets with credit or debit cards (VISA and Mastercard accepted) through Simplex, though fees apply. Deposits through Simplex are generally fast, taking 10-30 minutes, with a 3.50% fee on the deposited amount.
