AAX Exchange : A Quick Review
The AAX exchange platform is one of the more sober cryptocurrency platforms in the market. Its maturity and direction lifted it to global status as a leading digital exchange platform. At the core of its service is the Millennium Exchange technology, the same technology used by the London Stock Exchange. The matching engine technology, amongst others, elevates the standards of AAX in terms of security, service, integrity, and performance. AAX is registered in Seychelles, having met all the regulatory requirements.
In my review, I highlight its origins and what makes AAX, stand out amongst its peers.
Disclaimer: This article is not intended as investment advice. It is just my personal opinion about AAX. You should always do your own research.
AAX in The Making
The AAX exchange platform was established in 2018, a time when most crypto-related platforms were collapsing. AAX was founded despite all the negative factors in the market then, a move that highlights its resilience and resoluteness.
It was also established during a maturing period for the entire industry. The industry was shifting unnecessary and illogical platforms for mature products and services that would impact the industry on a global scale. AAX was creating a secure platform, has integrity, and with impressive performance — a platform fit for the evolving cryptocurrency market.
As aforementioned, AAX chose to use the Millennium Exchange technology. The technology is proven in the London Stock Exchange — a high-trading platform that is a glimpse of the future of the AAX exchange.
In terms of security, AAX partnered with authority in the cybersecurity space, Kroll. The partnership gives AAX the security utilized by governments, intelligence agencies, and other high-level institutions such as banks in their cybersecurity. Their partnership also allows for tailor-made solutions for their digital asset security, which is vital for the integrity of the entire platform.
During its establishment, AAX was also keen on employing market surveillance systems to their network to notice, track, and stop any market manipulation software that may be in use. AAX was also able to install an effective system against money laundering and other financial crimes to elevate its integrity to the highest possible level.
Despite all the complicated technology in use, AAX ensured that onboarding to their platform was simple.
Value from AAX
The platform offers a variety of trading features that allows its users to get the most value from their digital assets. These trading options include:
• Buy or Sell cryptocurrency
• OTC trading
• Spot trading
• Futures trading
• AAX savings
On trading, AAX has more than 50 trading pairs on its platform. AAX also offers futures for Bitcoin, Ether and DeFi tokens, which can be traded with up to 100x leverage. In the spot market, AAX supports more than 30 trading pairs, which accrue daily interest that is 50% higher than OTC trading.
Users of the platform can also on-ramp via financial tools such as credit cards, Visa, Alipay, MasterCard, Instapay, Bank accounts and other platforms. It is also possible to off-ramp to a bank account.
These services are also available on other competitive platforms such as Binance, so, why use AAX? Here is why:
1. AAX offers arguably the best liquidity in the market.
2. Given its association with the London Stock Exchange Group (LSEG), AAX’s integrity is at a higher level compared to its competitors.
3. The low trading fees correspond to market demands. Most users want to trade effectively, efficiently, and affordably.
4. AAX has leading partners on various fronts such as Kroll in security, Copper in insurance, LSEG on technology, and Elliptic on regulatory requirements. The platform also partners with Refinitiv for a screening of their members to prevent money laundering and other financial crimes.
5. The platform is working on different programs to make it virtually free to trade with AAX.
6. In terms of market infrastructure, AAX has arguably the best infrastructure amongst its peers.
7. With AAX, users receive more than just trading solutions. The platform also offers asset management solutions.
AAB token powering AAX
The AAB token was released in April of this year. The market response was impressive as the token was able to raise over $9 million a few days after the release of the AAB token. The token adds a new dimension to AAX by introducing other avenues of benefit. For instance, AAB users can save more by paying their trading fees in AAB. Owners of the token also benefit from the daily coin burning.
Coin burning helps to keep the value of AAB high by reducing the number of AAB in circulation.
AAX for you
The AAX platform is crafted for every kind of trader. It is built on integrity, speed, security and advanced technology to cater for all existing and emerging trading needs. It has options for bothering institutional and individual investors. Both professional and first-time traders will find the platform quite easy to use. AAX also carries out promotions where participants can earn AAB and other prizes.
You can visit https://www.aax.com/ to learn more about the platform.
