Interview: AAX Exchange – Always Innovating To Bring Real Value to Digital Assets

Overview of AAX

AAX is a top-tier digital assets exchange that caters to a global audience, with a vision of bringing the benefits of digital assets to everyone. Through an accessible range of products and by contributing to the conversation about digital assets and culture, we aim to empower the estimated 96% of people worldwide who do not yet own Bitcoin and other digital assets to build better and more inclusive economies.

Favored by more than three million users in over 160 countries, AAX is the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin. We are also the first to be powered by LSEG Technology, offering high-yield savings packages, 200+ spot pairs, deeply liquid futures markets, regular discounts on major tokens and a range of on- and off-ramp products.

Interview with AAX

About the recent market condition, do you think what signal might dispel pessimism in the market, following a string of disasters?

In my opinion the market is reflecting the current situation worldwide, there are signs of potential resection in economics like the US and Europe, without mentioning the recent news from China related to the real estate market in China Mainland, increase of covid cases followed by the zero covid strategy and the tensions between China and USA caused by the visit of Nancy Pelosi to Taiwan.

In the global economic and technological transformation, how far do you believe the crypto industry will progress?

It’s still early to say how far the crypto industry will progress. Crypto and blockchain in general is an immature market and technology, we can compare with the .com bubble back in 00’. Companies and projects that resist during the period of crisis will be stronger and accumulated experience for a long term growth and operational run.

Can you share with us how your project and your team formed?

In 2018, a group of professionals from the worlds of finance and technology came together with a vision to build a trusted crypto exchange that would suit the needs of institutional and retail investors alike.

As of now, AAX is favored by over three million users worldwide. The first crypto exchange in the world to be powered by London Stock Exchange Group’s LSEG Technology and the first to make the switch to a Satoshi Standard to drive the adoption of Bitcoin.

Continually we are here to connect traders, innovators, NFT artists, high-net-worth investors as well as the unbanked. Our mission is to help ground digital assets in the real world and bring the benefits of sound money to everyone.

What is the outstanding feature of your project compared to others?

Our in-house developed trading technology combined with LSEG allows users to trade in the best market conditions, providing high liquidity and stability when opening and closing their positions. Providing fast execution (200 microseconds) and low trading fees for all of our users. Savings as a service, that we are strongly promoting in order to educate users to invest in crypto as a long term investment plan.

What are the challenges in your project’s development up to now?

Being one of the biggest cryptocurrency exchanges in the world with a vision to foster blockchain adoption and impact, we actually haven’t quite gotten a chance to build our communities in emerging markets like Turkey, Vietnam, Brazil, Indonesia and so on. We are working on building AAX teams and expanding our product offerings in these regions to better service our customers all over the world and fulfill our mission.

What is the project’s vision in the enormous blockchain space?

We wanted to contribute to the mass adoption of blockchain technology with an ecosystem of unmatched trading and saving products and services that can benefit high-net worth investors, first time traders, crypto newbies and the unbanked alike.

Do you think the crypto winter will come soon? If yes, what will your project do?

Since crypto is more correlated with the stock market (specially small caps), I believe that from now on the movement of BTC and ETH will follow as a reflection of the economy worldwide. I believe in a prolonged bear market ahead.

Do you think this crypto winter will differ from previous winters? Why or why not?

Crypto winters come and go as the cycle goes for all assets. The difference between this winter and last is that investors, traders and innovators in the space are now able to take advantage of the opportunities to build only available in this special period, while in the past, the community was more in a freak-out mode.

In your opinion, what should crypto investors and project builders do in the current gloomy market situation?

For companies, first of all, learn from other companies ‘ failures and mistakes. As we have seen recently, risk management and cost x opportunity should always be measured instead of looking for high growth rates and market share expansion in a short time without considering the risks.

For long term crypto investors, if they already have an emergency reserve of funds that can cover their expenses under an emergency situation, then I believe it’s a good chance to take the market price correction and use part of it’s income to accumulate some solid crypto focusing on the long term investment.

What role will your project play in the upcoming development of the cryptocurrency market?

In Vietnam, we wanted to partner with solid projects to provide education on blockchain and crypto trading to the local community. We wanted to transform the taboo that comes with cryptocurrency being an instrument for getting rich quick and help to educate and provide our customers with knowledge and instruments for safer investment.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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