Make the most out of your crypto investments with AscendEX

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Mainstream adoption of cryptocurrency is on the rise ever since Bitcoin broke its US$30,000 ceiling last 2020. Now that crypto assets are becoming a household name, it’s a must for investors to find the right exchange that can address their needs when it comes to trading and purchasing digital assets. 

One of the platforms making noise in the digital sphere is AscendEX. Get to know if this is the right fit for your crypto asset transaction needs as you browse through BTC Post’s in-depth guide to the exchange. 

All about AscendEX Exchange

The AscendEX Exchange is a platform where investors can trade, farm and stake their crypto assets securely. Its comprehensive product suite which includes spot trading, margin trading and futures trading as well as a built-in wallet entices users to register and make an account. 

A brief history of AscendEX Exchange

AscendEX was founded in 2018 and is based in Singapore and was built by Wall Street investors including George Cao, the chief executive officer of the exchange, and Ariel Ling the chief operating officer. During its initial release, it was previously called BitMax with its native token called BTMX. 

For three years, the platform was able to grow its reach and expand its products and services to accommodate more users. By 2021, the company decided to undergo a major rebranding and restructuring which turned the platform into Ascendex known in the market today. 

The token was also changed from BTMX to ASD to fit into the new brand identity of the platform. 

Interface design

What attracts investors to the platform is its user-friendly interface but AscendEX takes it to the next level. Not only is the desktop web version easy to navigate but it also has a mobile version that’s highly compatible with Android and Apple phones. 

It’s a smooth experience navigating through the AscendEX interface. All the button functions are straightforward which allows you to learn as you explore the platform. This makes it a perfect platform for those who are only beginning to trade in crypto assets. 

Aside from the easy to use interface, it also has sophisticated options for more advanced traders, especially whale investors. 

Payment methods accepted

You can also purchase crypto assets through AscendEX exchange using various fiat currencies through credit or debit cards. Although it can accept fiat purchases, the platform does not allow fiat deposits. You can only use cryptocurrency when trading using the platform. 

Below are some of the various fiat currencies accepted by the exchange for purchasing crypto assets: 

  • US Dollar (US$)
  • Euro(€)
  • Canadian Dollar ($)
  • Japanese Yen (¥)
  • Hong Kong Dollar (HK$).

Cryptocurrency accepted

When looking for an exchange that can sustain your trading needs, you have to look at how many assets the centralised platform supports. Over 250 crypto assets are supported by the AscendEX exchange. These include the following:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Ripple coin (XRP)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Solana (SOL)
  • Binance Coin (BNB)
  • Dogecoin (DOGE).

AscendEX Exchange: Key features and services to expect 

As far as centralised exchanges go, AscendEX is one of the most competitive in the market as it targets both retail and institutional investors with its features and services. 

Get to know more about the exchange as you browse through its key features and services below: 


You can find a comprehensive trading platform in AscendEX once you create an account. On the left-hand side, you’ll see a chart that’s categorised by the trading view that you can customise. The righthand side has an order book where you can execute your orders. You’ll also see the transaction history, your open orders and asset summary at the bottom of the chart.  

The platform supports different kinds of trading including:

  • Spot trading – This involves directly purchasing or selling financial assets including cryptocurrencies and token pairings.
  • Margin trading – This involves borrowing funds from AscendEX and using that to make a trade within the platform. 
  • Futures trading – allows you to trade cryptocurrencies for a specific price at a specific date or a determined outcome.  


AscendEX offers a unique feature that gives traders, especially beginners, a leg up on the platform. The copy trading feature allows users to review the performance of other investors so that they can copy their trades and follow in their footsteps. 

Once it is activated on your account, the platform will automatically copy the trade instructions of your selected trader into your orders. 

Over-the-Counter (OTC) Trading solution

For whale investors who opt for bulk trades, AscendEX has an over-the-counter trading solution that can accommodate those needs. However, there is a minimum transaction size of US$100,000 when opting for this service. 

As of the moment, only BTC, ETH and Tether (USDT) are supported by AscendEX for the OTC trading solution. 

DeFi yield farming

Another feature that makes AscendEX a good platform for investors is its DeFi yield farming protocol. This allows users to earn passive income by lending or borrowing crypto assets without having to pay any gas fees on the transactions. 

It’s a complicated process but the bottom line is that you earn more crypto with the assets you sow through the protocol using smart contracts. 

Crypto staking

Aside from yield farming, users can earn passive income through crypto staking. This is the process of investing your money into a liquidity pool and allowing AscendEX to lend your crypto assets to those who need them for trading. In return, you get a passive income from the transaction fees from those trades.


AscendEX exchange also offers a fixed-term deposit service where users like you can earn a stable return from your crypto assets. It’s a lot similar to the process of crypto staking but with this service, there’s a lock-in period for a specified amount of time. 

Service Fees

The service fee on the AscendEX platform varies depending on the service that you opt for. However, these fees are competitive and comparably low compared to other popular exchanges on the market. Moreover, you don’t have to pay incredulous amounts of gas fees for your transactions using this platform. 

Cryptocurrency Market Capitalization
  • bitcoinBitcoin (BTC) $ 44,015.00 0.6%
  • ethereumEthereum (ETH) $ 2,352.20 0.05%
  • tetherTether (USDT) $ 1.00 0.11%
  • bnbBNB (BNB) $ 240.09 1.93%
  • xrpXRP (XRP) $ 0.671948 0.94%
  • solanaSolana (SOL) $ 74.38 2.19%
  • usd-coinUSDC (USDC) $ 1.00 0.03%
  • staked-etherLido Staked Ether (STETH) $ 2,352.03 0.04%
  • cardanoCardano (ADA) $ 0.593667 7.3%
  • dogecoinDogecoin (DOGE) $ 0.100520 2.18%

Expand your knowledge and invest in the cryptocurrency industry.