### What is AscendEx?

AscendEx is a global digital asset financial platform that facilitates trading of a wide range of cryptocurrencies. It combines elements of centralized finance and decentralized finance (DeFi) to offer comprehensive trading services, including spot, margin, and futures trading for numerous blockchain projects. The platform features a native utility token known as ASD (AscendEx Token), which is used for transactions and operations within the platform.

### How does AscendEx work?

AscendEx operates by providing a high-performance trading environment supported by advanced technologies used commonly in institutional-grade financial systems. This includes in-memory matching algorithms, distributed messaging frameworks, and robust security protocols involving multi-factor authentication and hardware/software wallets. As a centralized platform, it does not operate its own blockchain but rather integrates features from traditional and DeFi frameworks to enhance user experience and market access.

### What are the potential use cases for AscendEx?

- **Trading Services**: ASD is used for trading fee discounts and as a unit of exchange for spot, margin, and futures trading operations.
- **Staking and Rewards**: Users can stake ASD for benefits like reduced transaction fees and participation in airdrops.
- **Investment Products**: The token is also utilised within various investment products offered on the platform, such as discounted trading schemes and staked rewards.
- **DeFi Integration**: Supports various DeFi applications, giving users strategic advantages with early adoption and product development aligned with DeFi trends.

### What is the history of AscendEx?

Founded in 2018 by experienced Wall Street quantitative trading veterans, AscendEx initially launched as BitMax.io. With the aim to innovate in financial markets and support the crypto economy, it underwent rebranding to AscendEx on March 22, 2021, enhancing its interface and functionalities to better align with the DeFi ecosystem. Over the years, AscendEx has expanded its offerings to over 200 digital assets, serving clients across more than 200 countries, leveraging advanced trading technologies for improved performance and security.

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