All about AscendEX Exchange

In 2018, a new crypto exchange became available to users. It was originally called BitMax, but a few years later the owners rebranded and the site became known as AscendEX and created its own token. Traders can trade all the most popular digital currencies and many other interesting features here.

Features of AscendEX

The trading platform has a suite of different products and has been steadily increasing its audience in recent years. At the moment, the platform has over one million officially registered users. Among them are residents of Europe, Asia and North America.

AscendEX is a crypto exchange with a high return on investment in primary exchange offerings. In addition, there is an opportunity to purchase promising tokens at a time when they are just starting to proliferate. It is also possible to trade anonymously on the exchange, but in this case you will have to deal with a number of restrictions.

History

AscendEX was launched in March 2021. The company’s main faces are director George Cao and co-founder Ariel Ling. They are led by a management team with experience in large financial and cryptocurrency organisations.

Regulation

The AscendEX trading platform is currently owned by a company registered in Singapore. This is where the government is most loyal to blockchain business, so the choice of location is unquestionable. That said, the crypto exchange does not have a valid license and is not monitored by official regulators.

Types of orders

The following order types are available to all users:

1. Limit. Allows to execute an order at a price defined by the user. This is a great option for those who like to plan transactions in advance. You should understand that this type of order excludes losses, but does not guarantee conclusion of a deal. 
2. market. The simplest and the most reliable variant. It allows quick opening and closing of positions. It is suitable when it is more important to execute the transaction, and not to make it profitable. The point is that trading is carried out at the actual value at the moment.
3. stop loss. An order that allows you to limit your losses if the cryptocurrency starts to fall in price. For example, you can set conditions, when a coin bought for 3000, will be sold, if its value decreases to 2800. This allows the user to eliminate the constant monitoring of price changes. 

Terms of work on AscendEX

All users over 18 years old can register with AscendEX. The User Agreement reflects the list of countries whose citizens are not allowed to open an account. By registering on the trading platform users agree to the rules and requirements of the company.

Bonuses

AscendEX attracts users with various promotional offers. For example, tokens can be obtained for completing certain activities. The tasks are divided into several types:

1. futures trading activation.
2. Increasing the volume of trades up to €50,000.
3. Making your first deposit into your account.
4. trading certain types of tokens.

In order to start receiving bonuses, you need to register. It is a standard procedure that does not take many minutes. Also, it is recommended to verify the profile right away. This gives the user certain advantages.