Skip to main content

BitMax Relaunches as AscendEx

BitMax Relaunches as AscendEx

PRESS RELEASE. BitMax.io, a leading crypto and digital asset trading platform serving professional and retail traders, has announced that it has relaunched as AscendEx in the English-speaking world, and “Dingfeng” to Chinese speakers.

Originally launched in 2018, the trading venue has experienced three years of steady growth and adoption of its native BTMX Token. This new brand identity is meant to evoke the uplifting power of crypto assets, and the overall growth the industry has seen over the past couple years.

“This new brand name is inspired by the rapid rise of both our industry, and that of the many people taking part in it,” said AscendEx CEO George Cao. “So many have benefitted from increasing valuation of Bitcoin, DeFi and other tokens through newfound access to financial services where there previously were none, or have even been able to accumulate significant wealth – this transformation is unprecedented in our lifetimes.”

The color scheme of the new logo uses a primary color of “water blue,” an energetic visual contrast against the secondary color of calming “midnight blue.” The team hopes this color combination evokes a strong sense of reliability and security in a dynamic, rapidly-changing marketplace. The new logo will continue the symbolism of a sailboat, but this updated design extends the capital letter “A” to chart an upward trajectory for reaching new highs.

The AscendEx name reflects an aspiration to help all users gain access to these sometimes life-changing benefits, and also a goal of benefitting the advancement of the entire blockchain industry; and the name Dingfeng is a nod to AscendEx that also marks a new starting point in our goal to be a leading digital asset financial platform.

“As AscendEx continues the growth journey from BitMax days, we have been able to build a unique experience that brings together the best of both centralized finance and decentralized finance,” said Ariel Ling, COO. “Going forward, we aim to further integrate more core tenets of DeFi and ascend to the pinnacle of our industry.”

In a recent report published by the research firm CryptoCompare, BitMax.io was named a top tier crypto asset exchange. This is only the beginning of our planned climb to the top of the mountain.

 

About AscendEx

Originally founded in 2018 as BitMax.io, AscendEx is a leading crypto and digital asset financial platform catering to both professional and retail traders. The venue offers spot, futures and margin trading, and incorporates key elements from the DeFi space to foster a unique market structure for users. AscendEx is led by a team of Wall Street veterans who have applied traditional market rigor to create a robust, secure, and reliable experience for all participants; and a consistent source of liquidity for primary offerings.

 

Website: www.ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/AscendEx

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/3rfgJjE
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more