Connect with us

Sponsored

AAX Exchange brings top-notched Security to Crypto Trading!

Published

on

AAX
Source: AAX

Cryptocurrencies have been a revelation in 2020 and the exchange market is becoming more and more competitive in nature. Bitcoin has recently crossed $20,000 yet again after 2017 and now, retail traders would be looking forward to entering the digital asset landscape.

While popular exchanges such as Binance, Coinbase register consistent high trading volume on their platforms, AAX is making a name for itself in its own right. 

AAX: Crypto Spot and Derivatives Trading Made Simple

Established in November 2019, AAX is a digital asset exchange that is catering to both spot and derivatives/futures trading. The main objective of AAX has been to allow the average trader to be comfortable with crypto trading, without sacrificing integrity, performance, and results. The exchange is incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles. The company number of AAX Limited is 211854. As of December 2020, the exchange has over 500,000 registered users that are distributed across 80 different countries. In October 2020, the exchange also surpassed $1 billion USD daily trading volume. 

It is important to note that AAX is the first cryptocurrency exchange that is powered by LSEG technology, which is also used by the London Stock Exchange Group. Since the LSEG technology is used by first-tier financial institutional markets, it brings forward high levels of performance which is backed with low-latency and most processed orders in under 800 microseconds. 

The technology allows the platform to handle deep liquidity and according to data provided by the exchange, AAX can facilitate close to 60,000 tx/s. 

Digital Assets on AAX exchange:

The platform provides over 60 trading pairs for spot trading which includes all the major assets and recent important ones like COMP token and LINK. The liquidity, however, varies for each trading pair on the platform. BTC/USDT, ETH/USDT, and LINK/USDT are some of the highest trading pairs. 

The futures trading market of AAX involves both Bitcoin and USDT settled contracts and leveraged trades is available for Bitcoin, Bitcoin Cash, Ethereum, LINK, and COMP token. Bitcoin, Ethereum futures contracts allow up to 100x leverage on the platform. 

Trading Fees:

One of the clear advantages of using AAX is its low spot trading fees. While AAX is extremely transparent, its fee schedule for trading, deposits, and withdrawal is competitive in the market. The trading fee is reduced even more if the trading volume is relatively high and it is conducted using the AAB token to pay for the trading fees.

While Deposits and Internal transfers are free, there is a minimum withdrawal charge for the support of digital assets. 

Security:

AAX is complying with the Cryptocurrency Security Standard(CCSS), a universally recognized standard for securing cryptocurrency systems. All the user base accounts on AAX require a Two-Factor Authentication to operate and to add an extra layer of security, a one-time password is required every time a user is logging in. 

For transactional security, AAX has a built-in proprietary multi-currency wallet system that requires multi-signature and offers no single point of failure. Since there is no dependency on one single protocol or security, it offers an extremely sealed system. Additionally, AAX has Hardware Security Modules (HSMs) in place to protect end user-information and protect private keys used to co-sign transactions.

AAX Academy and Mobile Application

One of the standout features of the AAX exchange is its Academy where crypto enthusiasts can access tutorials on how to use the website and have general explanation material. Alongside guide materials, they also offer reports on market insights, price analysis, and an in-depth study of current market trends.

The convenience of trading with AAX comes alongside its mobile application as well as a dedicated app available for both Android and iOS services. Users can set up their trading position on the move, and keep themselves updated with the latest price movement posted on AAX.

Verdict

While AAX does not differ a lot from other popular exchanges, the quality and standards attained by the platform are top-notched in terms of performance, security, and convenience. The exchange is only a year old and it has grown into a substantial platform ina short period of time. The potential for AAX to be considered amongst Binance, Coinbase is right there as the platform continues to improve its services and adding more cryptocurrency pairs in spot and futures trading. 

For more information, please visit their official website

Disclaimer: This is a paid post and it should be considered as news/advice.

Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.