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What is AscendEX Exchange? How Does it Work?

If you are looking for a crypto-to-crypto trading platform that offers margin, spot, and futures trading then AscendEX exchange is the right option for you

With the explosive development of the cryptocurrency sector, digital assets exchanges/trading platforms have become absolutely indispensable parts of the blockchain industry. They support the ever-increasing demand for trading digital tokens and play a significant role in facilitating the capital injection mechanism in the cryptocurrency ecosystem.

These digital tokens are the underlying aspect of the economic model of blockchain technology. And as the BitMax (now known as AscendEX) team believes that blockchain technology is further improving the innovation and advancement of the financial market. With this vision in sight, the AscendEX team launched AscendEX, a next-generation digital asset trading platform. Let’s take a deep dive into what is AscendEX and what its features are.

Connecting your AscendEX (ASD) Address to ZenLedger For Your Crypto Tax Forms

As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 400+ exchanges. 

Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import. Then you'll see a table which outlines the possible methods. For many centralized exchanges, we support a direct API code import, while others may require a CSV import. Decentralized exchanges may require a wallet address.

To import your transactions from an exchange, simply navigate to the "Exchanges" tab of the "Imports" page. Select the exchange that you are looking to import, and instructions will be provided for that specific exchange!

What is AscendEX?

Founded by a group of dynamic Wall Street trading veterans, AscendEX is a global digital asset financial platform. The AscendEX exchange caters to over a million institutional and retail traders. Driven by the early-mover advantage in the DeFi ecosystem and continuous product development, AscendEX provides access to futures, margin, and spot trading. Not only this, but it also offers a robust wallet infrastructure and supports staking for more than 200 industry-leading blockchain networks. 

The staking blockchain projects produce industry-leading yields and further drive the growth of the cryptocurrency ecosystem. In recent years, the AscendEX exchange has emerged as a leading crypto exchange by supporting some of the most innovative DeFi-based projects. The platform functions on three core values: Resilience, Efficiency, and Transparency. 

AscendEX Exchange Features 

Transparency 

It is one of the core principles as well as one of the highlighting features of the platform. The high-performance trading platform supports real-time settlement and 24/hour trading operations with transparent transactions. With a series of open and fair market rules, the exchange aims to boost the liquidity of the overall market, support blockchain structural optimization, and enhance market depth. 

High-Performance Design 

AscendEX exchange is a highly-reliable, secure, scalable, high-performance, and easy maintenance platform. Some of the technologies its uses are:

  • Institutional-quality trading architecture
  • Advanced in-memory matching algorithms
  • Distributed real-time messaging framework
  • Asynchronous non-blocking read and write
  • A few other advanced technologies 

The trading enrolment is very user-friendly with API and web/H5/APP support. Capable of handling 400k transactions per second, the API interface supports numerous order types and offers trading support across professional traders and investors. 

Security 

The security of the exchange is fortified with cooperation with a third-party independent security firm. Multi-level firewalls are set up to track system data processing in real-time. When it comes to digital asset security, multi-factor authentication, and a combination of hardware and software wallets are integrated to provide top-notch security. 

Multi-lingual Support   

The website is available in Spanish, Chinese, Portuguese, Hindi, Japanese, South Korean, and more. The exchange believes that multi-lingual support is important for building a blockchain-based digital asset trading platform.

How to Register on the AscendEX Exchange? (PC)

Undoubtedly, to buy/sell/trade on the exchange, you need to have a verified account. The platform has a web version and a mobile application and we will provide instructions on how to register on both.

Register with an Email Address

  • Visit ascendex.com and on the top right corner click on “Sign up”
  • You’ll be redirected to a sign-up form and once there, tap on “Email” and insert your email address, choose region/country, set a password, go through the “Terms of Service” and click on agree and lastly verify your email address
  • On the next page, insert the verification code that you received in your inbox. Tap on “Confirm.” You can skip the phone verification for now
  • You can now log in and start investing/trading

Register with Phone Number

  • Visit ascendex.com and on the top right corner click on “Sign up”
  • You’ll be redirected to a sign-up form and once there, tap on “Phone” and insert your email address, choose region/country, set a password, go through the “Terms of Service” and click on agree and lastly verify your phone number
  • On the next page, insert the verification code that you received on your phone. Tap on “Confirm”
  • You can now log in and start investing/trading

How to Register on the AscendEX Exchange? (App)

Now that we have touched upon how to register on the exchange via a PC, let’s explore how to register on the App. 

Register via AscendEX App

Open the AscendEX app that you’ve downloaded on your phone

Click on the profile icon o the top left-hand corner to open the “Sign Up” page

  • You’ll be redirected to a sign-up form and once there, tap on “Email” and insert your email address, choose region/country, set a password, go through the “Terms of Service” and click on agree and lastly verify your phone number
  • On the verification page, enter the email verification code that you received in your inbox. Click on “Confirm.”
  • You can now log in and start investing/trading

If you go for phone registration, instead of receiving the verification code in your email inbox, you’ll receive the code via an SMS. Apart from this, the remaining procedure is the same. 

Final Thoughts

AscendEX is leveraging blockchain technology and its founding team’s expertise in traditional finance. With this combination, they aim to scale their global trading platform to a position where it provides a broad range of trading products and services for global institutional and retail clients.

AscendEx FAQs

1. Is AscendEX a good exchange?

AscendEX offers numerous crypto-to-crypto pairs, spot, margin, and futures trading with a highly secured platform, and low fees. It is perfect for both beginners and experienced traders and helps them earn industry-leading yields via staking.

2. Is BitMax now AscendEX?

When it was launched in 2018, it was named as BitMax, but in 2021, the company rebranded itself as AscendEX.

3. What is staking AscendEX?

Staking on the AscendEX platform helps the investors/traders earn industry-leading staking returns. The validators earn a reward by adding verifying transactions and adding blocks to the blockchain.

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