AAX Reveals Growth and Expansion Plans

UTC by Babafemi Adebajo · 2 min read
AAX Reveals Growth and Expansion Plans
Photo: Depositphotos

The AAX exchange is going to partner with an auction house to sell the NFTs it showcased at the Hong Kong FinTech Week.

Hong- Kong-based cryptocurrency exchange AAX has revealed its strategies and plans to facilitate the company’s growth and expansion.

This was contained in an update to its community. The update presented the company’s plans to drive mainstream adoption of Bitcoin (BTC) and cryptocurrencies in general.

The exchange’s vision is to increase access to crypto by bringing its service to an estimated 96.1% of people globally without any digital assets.

AAX Steering Conversations in the Crypto Space

AAX believes there is a need to steer the conversation around cryptocurrencies to achieve its vision of a more inclusive economy worldwide. Head of Research and Strategy at AAX, Ben Caselin, had this to say:

“More than a technology or a new asset class, we see Bitcoin as a driver of change that proposes a different set of principles around ownership, agency, borderlessness and sound monetary policy.”

Caselin also affirmed the company’s commitment to participating in discourses about cryptocurrencies and to shaping the narrative.

Earlier in November, the exchange demonstrated its commitment to steering crypto conversations by participating in the Hong Kong FinTech Week as a Diamond Sponsor. It also co-hosted a one-day virtual summit tagged Bitcoin and Beyond with Forkast.news to discuss the way forward for the digital economy after an epoch year for digital assets.

AAX Plans to Introduce Operational Changes to Drive Growth and Expansion

As part of the update released to its community, the company announced, former CEO of AAX, Thor Chan was joining the Board of Directors. In response, Thor expressed his delight at the opportunity to serve in the company since it started in 2019.

He said:

“We built a community of more than two million users in over 100 countries and became the world’s first cryptocurrency exchange to be powered by LSEG technology.”

In his place, the Board has commenced a search for a new CEO. In the interim, the board will direct the management team until a new CEO takes over.

Likewise, Despite having offices in Malta, Shenzen, Singapore, and Guangdong, the company is now looking to explore the European market.

Additionally, AAX aims to triple its global workforce in 2022. Consequently, AAX extended invitations to anyone with crypto interest irrespective of their skill level, profession, or expertise.

Also as part of its announcements, the exchange will partner with an auction house to sell the NFTs it showcased at the Hong Kong FinTech Week.

Altcoin News, Blockchain News, Cryptocurrency News, News
Babafemi Adebajo

An experienced writer with practical experience in the fintech industry. When not writing, he spends his time reading, researching or teaching.

Related Articles