Cryptocurrency exchange AscendEX
In 2018, a new trading platform called BitMax was launched on the digital coin market. In March 2021, the owners rebranded the platform, resulting in the creation of the AscendEX cryptocurrency exchange. Additionally, the original BTMX token was rebranded as ASD. Users of the platform have access to trade all popular coins and also have the opportunity to participate in the distribution of assets from promising blockchain projects.
History
The official website of AscendEX is the result of BitMax exchange rebranding, which was launched on March 22, 2021. George Tsao continues to hold the position of CEO and co-founder, while Ariel Ling is the second co-founder. Shane Molidor now serves as the head of international marketing. Alongside these key individuals, the organization is supported by a team of managers who previously worked in leading financial and cryptocurrency companies.
AscendEX Services
The updated trading platform offers traders access not only to transactions in the spot and margin markets, but also to a range of investment products. Main services and functions of the crypto exchange:
Trading on the spot market.
Margin trading.
Futures contracts.
Copy Trading
Staking.
Mining.
Investment.
It looks like everything is on a regular stock exchange, but this is where the fun begins!
An innovative approach to passive income: flexible staking and profitable farming with the AscendEX crypto exchange
AscendEX offers a unique staking experience by allowing users to trade and move their staked assets instantly. They achieve this by creating a shared pool of liquidity that provides immediate access to the assets involved in staking. The “Instant Unpegging” feature allows users to freely manage their staked assets, such as using them as margin or futures collateral. This creates a flexible risk hedging system where users can short assets or trade long while still receiving staking rewards.
To maximize staking income, AscendEX offers an “Hard Mode” option for automatic reward redistribution. In this mode, rewards are automatically reinvested back into staking pools, increasing profitability. Users have the flexibility to enable or disable this mode at their discretion. Unlike many other staking providers, AscendEX imposes no restrictions – there is no minimum staking period, and users are not locked into the program for a specific duration.
Profitable farming with AscendEX/ DeFi Yield Farming
The AscendEX team has made the farming process on the platform as simple and understandable as possible, even for beginners. AscendEX takes care of all backend integration with DeFi protocols, which appears as a simple interface to the user. Users can set up the process and make a profit with just a few mouse clicks. Additionally, for users aiming to maximize profits without accumulating tokens but constantly moving them from one protocol to another, AscendEX offers customizable subscriptions to strategies. Additional profitability comes from borrowing funds, which should only be used by experienced market participants.
Unlike other platforms, AscendEX allows its users to make deposits and withdrawals of assets at any time and still receive rewards from profitable farming. The minimum and maximum allocation of assets depends on the specific project in which the participant is investing. There are no additional fees for income farming on AscendEX. The website provides an approximate calculation of the annual income from participation in profitable farming programs.
AscendEX also offers interesting programs with staking of the native coin of the ASD exchange, cards denominated in this token, which provide a number of advantages to their owners, and an automatic Bit Treasure program, similar to package offers for a limited time on other platforms. AscendEX aims to offer the market something unique; a universal platform where both beginners and professionals can earn money, with a suitable program for everyone.