AAX Crypto Exchange Announces Massive Growth Numbers in August

AAX ExchangeAs 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

The post AAX Crypto Exchange Announces Massive Growth Numbers in August appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/aax-crypto-exchange-announces-massive-growth-numbers-in-august/ […]
Learn more

Be the first to comment

Leave a Reply