AAX is a centralized cryptocurrency exchange (CEX) powered by the London Stock Exchange Group (LSEG). Established in 2018, it offers spot and derivatives trading, direct crypto purchases, and staking. Users can also access GameFi (Gamified Finance) features alongside traditional trading services.
The platform is KYC-compliant, requiring users to complete one of two ID verification levels. AAX restricts services in certain regions, including mainland China, Egypt, Bosnia, and Cuba. It’s also unavailable in Canada (Quebec and Ontario) and the U.S.
Markets and Trading Pairs
AAX supports crypto-to-crypto trading exclusively, with stablecoins like USDT and USDC available. Over 250 trading pairs are listed, optimized for both retail and institutional traders. The platform’s native token, AAX Token (AAB), offers staking rewards and trading discounts.
Verification Tiers:
- Level 1: ID verification for P2P trading and quick buy/sell.
- Level 2: Proof of residence for deposits/withdrawals.
Trading Options:
- Spot Trading: Uses LSEG’s matching engine for optimized execution.
- Margin Trading: Up to 3x leverage.
- Futures: Perpetual contracts with 100x leverage (BTC- or USDT-settled).
Fees follow a VIP tier system (0–9), with discounts for higher trading volumes or AAB holdings. Innovation-tier pairs have fixed fees (0.1%/0.15%).
Additional Services
- AAX Savings: Earn interest via flexible or fixed-term crypto deposits.
- Recurring Investments: Dollar-cost averaging for single/dual currencies.
- AAX Battle: Predict market trends to earn crypto rewards.
- AAX Launchpad: Fundraising platform for new blockchain projects.
👉 Explore AAX’s GameFi features
Company Background
Founded in 2018 by Thor Chan (ex-CEO), AAX operates under Atom Asset Exchange and is registered in Seychelles. Its LSEG-powered engine reduces Bitcoin trading latency by 10x. In July 2022, AAX briefly became the world’s largest spot exchange with $57.2B monthly volume.
FAQ
Q: Is AAX available in the U.S.?
A: No, AAX services are restricted in the U.S., Canada (Ontario/Quebec), and several other regions.
Q: What’s the utility of AAX Token (AAB)?
A: AAB offers trading fee discounts, staking rewards, and VIP-tier benefits.
Q: Does AAX charge deposit fees?
A: No deposits fees, but withdrawal fees vary by asset.
👉 Learn about AAX’s staking options
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