Update on 2022-05-06
Dear AscendEX Users, Community Members, and Supporters,
Happy New Year!
In the past year, AscendEX has grown rapidly alongside the blockchain ecosystem. Ariel and I strongly believe that strategic differentiation is key to AscendEX’s pursuit of challenging the status quo within this highly competitive and fast-moving industry – especially as many of the larger incumbent platforms expand their product offerings.
Throughout the year, the AscendEX team has worked tirelessly to establish the platform as an emerging industry leader by exemplifying client-centric team spirit, delivering innovative products, and optimizing system architecture. With our effective implementation, the platform has achieved remarkable progress in the past year. Some key milestones from 2019 are as follows:
Currently, AscendEX supports margin trading for 46 assets and offers spot trading across 191 trading pairs. The platform has over 500,000 registered users across the globe with an average daily trade volume in excess of $70 million. None of those would be possible without the continued support of the dedicated AscendEX communities, users, and supporters like you!
With the new year around corner, Ariel and I are as enthusiastic and as committed as ever to continue executing on our strategic vision in building an institutional-grade financial platform with an innovative suite of trading products and best-in-class client services. Here’s a high-level preview of the platform’s 2020 strategic plan:
Comprehensive Product Offering:
Launch of staking & validation services, derivatives trading, and other value-added offerings to expand current spot and margin trading.
Improvement of OTC Services:
Enhancement of over-the-counter (“OTC”) trading services with personalized customer support, tighter spreads, and more efficient settlement process for a seamless fiat on-ramp experience for global users.
Institutional Client Acquisition:
Accelerate institutional client penetration and onboarding for greater marketplace efficiency with deeper liquidity and tighter spreads from a globally diverse range of trading counterparties.
Relentless Global Compliance Effort:
Continue our global compliance program implementation with strong risk-control mindset and stay current close eye on the ongoing evolvement and development of global regulatory framework in preparation of new market entry.
Continued Strategic Collaboration:
Form strategic partnerships with more existing and emerging industry players to further expand the BitMax ecosystem on a global scale.
In the past year, we laid down a solid foundation and built a sustainable path for growth. Now, we are even more optimistic and excited about what the future holds for AscendEX. Of course, there will be challenges, but our AscendEX team are confident we will sail through them and continue putting clients first and driving innovation to maximize our potential. Our dedicated team, Ariel, and I love our jobs and will continue our pursuit of excellence. 2020 will be a breakout year for AscendEX!
We sincerely wish you and your families a happy, healthy, and productive 2020.
George Cao, CEO, along with Ariel Ling, COO, and entire AscendEX team
AscendEX 2021 Year End Review
2021 “Three Years Later… A Celebration of Success and the Best is Yet to Come” A Letter to the AscendEX Global Community
2020 Review and 2021 Outlook - Our Continuous Pursuit of Breakthrough, Excellence and Win-win
2020 New Year's Message from George and Ariel