AAX, the digital asset trade powered by LSEG Expertise, just lately rolled out a collection of merchandise opening up new alternatives to take a position, commerce, and handle crypto wealth.
Doubling its consumer base in simply over a month, AAX is quick changing into a hub for a variety of monetary actions, from commerce and funds to incomes and saving cryptocurrency. This month the trade introduced the next updates for August:
To fulfill the rising demand for modern DeFi tokens, AAX has opened up 6 new markets for Compound (COMP), Bancor Community Token (BNT) and Aave (LEND), which may be traded in opposition to Bitcoin (BTC) and USDT.
New USDT-settled perpetual contracts are on supply for Ethereum (ETH), ChainLink (LINK), COMP, and Bitcoin Money (BCH). This allows customers to earn, no matter whether or not it’s a bear or a bull market.
AAX is now launching AAX Grand Stadium, a rewards hub the place customers can win prizes and earn crypto rewards for finishing easy duties.
With world damaging rates of interest in drive, demand has been on the rise for each decentralized and crypto-based financial savings options. Now, along with AAB Plus, AAX Vault additionally presents excessive yield financial savings merchandise for BTC and ETH, with aggressive each day rates of interest.
With help for 20+ fiat-to-crypto gateways, AAX is looking for extra crypto retailers to arrange store on its over-the-counter platform. Till August 31, 2020, there might be no cost on service provider purposes.
“The crypto house is transferring very quick now. Curiosity within the wider house past Bitcoin and buying and selling is gathering tempo with elevated demand for financial savings merchandise and different instruments to optimize crypto wealth administration,” stated AAX’s CEO, Thor Chan.
“We see this expressed within the DeFi-space, however equally, high-caliber centralized exchanges are additionally constructing out their ecosystems in response to a rising demand for different, crypto-based monetary service options. We’ve now adopted a really aggressive innovation technique, with fast growth on all frontiers, and we anticipate to speed up this work over the approaching few months.”