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AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible standard in terms of compliance, transparency, and performance.  Performance is especially important when trying to meet the demands of institutional traders as they often demand the crème de la crème.  This is why AAX decided to utilize LSEG Technology’s Millenium Exchange matching engine making it the first cryptocurrency exchange to do so.  This the same technology that is used by traditional markets such as the London Stock Exchange and Borsa Italiana, both of which now cater to cryptocurrency traders.

In addition to the above two major exchanges, LSEG provides solutions to over 40 traditional capital markets around the world and now, with AAX, is powering a cryptocurrency exchange as well.  This is a breakthrough achievement and a major milestone.  As cryptocurrency continues to mature in terms of number of participants and total market capitalization, it is imperative that the technology continues to operate at the highest possible level to match the demand that is coming.  LSEG will certainly be up to the task.

One Stop Shop for Trading

As most of us traders are aware, we often have to use multiple trading platforms in order to fulfill all of our trading needs.  We have to use one platform for spot trading, another for futures, and one more if we need OTC trading.  Fortunately, AAX ends that need for multiple platforms as it is truly a one stop shop that fulfills all of one’s trading needs.

With regards to spot trading, AAX offers over 60 different trading pairs including the extremely popular USDT-settled BTC contracts.  AAX offers ultra-low latency with execution speed of under 200 micro-seconds and maximum liquidity due to active market makers that provide a stable supply of digital assets at competitive prices.

One area where AAX really shines is with futures trading.  This is an area that is especially attractive to institutional traders but is quickly catching on with retail traders.  One major advantage of trading futures with AAX is that the contracts do not expire thanks AAX’s perpetual contracts.  With most futures contracts, traders only have a set amount of time to profit.  AAX’s perpetual contracts give the trader maximum flexibility in deciding when to exit the market.  If that wasn’t enough, traders can also get 100x leverage on their positions when they’re feeling especially confident about the direction of the market.

Final Thoughts

The crypto markets in the midst of a major bull run thanks to Ethereum and the rest of the DeFi tokens.  These huge trading gains are bringing in more and more active crypto traders who will need to find a fast, inexpensive, and secure exchange to do their trading.  From my point of view, AAX is as good as they come.  Everything that a trader could possibly need such as liquidity, inexpensive trading fees, institutional-grade technology, and variety of products available are as good as they get at AAX exchange.

Image by Sulayman Sanyang from Pixabay

Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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