Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.
AscendEX is named a top-level crypto-asset exchange according to a report published by the research firm CryptoCompare.
AscendEX is a leading digital asset financial platform serving both professional and retail traders. The platform gives trading alternatives in particular spot, futures, margin trading and staking products.
By offering more than 200 cryptocurrency assets with margin trading of more than 50 tokens only in cross-asset mode, AscendEX’s futures trading supports both in isolated margin and cross-asset mode.
AscendEX is founded and led by a team of Wall Street veterans, aiming to create a robust, secure, and reliable experience for all participants.
AscendEX New Perpetual Futures Contracts
AscendEX recently launched ETH/USDT, DOT/USDT, LINK/USDT, and BCH/USDT perpetual futures contracts. All these contracts are denominated and settled in USDT with up to 100x leverage.
Perpetual Futures Contracts are the next level of conventional futures contract derivatives. There is no specific expiry date on these contracts. As now they are available on AscendEX website, APP and API, crypto investors can hold their assets as much as the time they want.
Moreover, AscendEX accepts LINK, BCH and DOT as multi-collateral assets for perpetual futures contract, alongside USDT, USDC, PAX, BTC and ETH. Users only need to transfer the above-supported currencies into their futures account instead of holding USDT first, hence providing a convenient futures trading experience.
Non-USDT assets are discounted when used as collateral, so please check out the collateral discount factor here.
Upcoming Referral Programs
In support of platform growth, AscendEX is planning to launch its new referral program on April 20, 2021. Referral programs are implemented to provide incentives to users for referring to others. Users who refer others are known as “AscendEX Affiliates”. With AscendEX’s referral program, Affiliates can receive up to 40% as total commissions. Newly referred users can also receive a 10% fee discount for 1 year after onboarding.
Check out AscendEX’s Futures Referral Program here.
AscendEX Formerly Known as BitMax.io
Launched in 2018, the digital asset trading platform is previously known as BitMax.io. The platform was relaunched as AscendEX a month ago. After three years of steady growth and adoption of its native BTMX Token, the new brand identity is meant to evoke the uplifting power of the crypto assets with the goal of benefitting the entire blockchain industry.
AscendEX is currently named a top-level crypto-asset exchange as per a report published by the research firm CryptoCompare. This is definitely a strong indicator of its rise to the top of the growing digital asset industry.