Is AscendEX a formal trading platform?

AscendEX is a formal cryptocurrency exchange that complies with regulatory requirements, implements strict security measures, and provides various trading functions and high-quality customer service.

AscendEX: Formal trading platform

AscendEX (formerly BitMax), founded in 2018, is a cryptocurrency exchange headquartered in Singapore. It is considered a formal trading platform with the following characteristics:

Regulation and Compliance:

• AscendEX has been registered by the US Financial Crimes Enforcement Network (FinCEN) and the Financial Transactions and Reports Analysis Center of Canada (FINTRAC)
• Comply with Anti-Money Laundering and Know Your Customer (KYC) regulations

Security Measures:

• Employing multiple security protocols including cold wallet storage, two-factor authentication and anti-phishing measures
• Regularly implemented by leading security companies Conduct Penetration Tests and Audits

Trading Features:

• Offers spot, margin and futures trading in various cryptocurrencies
• Offers leveraged trading up to 100x
• Features user-friendly interface and advanced trading Tools

Customer Service:

• 24/7 customer support
• Multiple language support available, including Chinese, English and Japanese

Reputation:

• AscendEX has a good industry reputation, Recognized by cryptocurrency rankings and data providers including CoinGecko and CryptoCompare

Conclusion:

AscendEX is a legitimate and trustworthy cryptocurrency trading platform. It complies with regulatory requirements, implements strict security measures, and offers extensive trading features and excellent customer service. If you are looking for a reliable exchange, AscendEX is a good choice.

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