AscendEX exchange company background, security, platform features, global rankings and introduction to advantages and disadvantages

AscendEX is a leading cryptocurrency exchange founded in 2018 and headquartered in Singapore with multiple offices around the world. It uses multi-layer security measures and provides spot trading, perpetual contract trading, financial products and other functions. Ranked 18th among global exchanges, pros include ease of use, a wide selection of cryptocurrencies, and strong security, while cons include higher transaction fees, slow customer support, and restrictions on certain countries.

AscendEX Exchange In-depth Analysis

Company Background

AscendEX, formerly known as BitMax, is a leading cryptocurrency exchange established in Singapore in 2018. The exchange has offices in various locations including Hong Kong and Seychelles.

Security

AscendEX uses multiple layers of security measures to protect user assets, including:

• Cold Storage: Most assets are stored offline to prevent cyber attacks.
• Two-factor authentication: Prevent unauthorized access to accounts.
• DDoS Protection: Defend against distributed denial of service attacks.

Platform Features

AscendEX offers a range of features and services, including:

• Spot Trading: Trade on over 300 cryptocurrencies.
• Perpetual Contract Trading: High leverage cryptocurrency derivatives trading.
• Financial products: Provide income products such as deposits, staking and mining.
• OTC trading: An over-the-counter trading platform for large orders.

Global Ranking

According to CoinMarketCap data, AscendEX ranks 18th among global cryptocurrency exchanges (as of February 2023).

Pros and Cons

Pros:

• User-friendly interface
• Wide cryptocurrency selection
• High liquidity
• Strong security measures

Cons:

• Transaction fees Higher
• Longer customer support response time
• There are restrictions for some countries

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