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What Is AAX?
Founded in early 2018, AAX is a centralized crypto exchange (CEX) that offers a full suite of cryptocurrency services to users all around the world. Short for Atom Asset Exchange (AAX), the company claims to be the first exchange to be powered by the London Stock Exchange Group's LSEG Technology. As a result, the platform can match orders with ultra-low latency.
Who Are the Founders of AAX?
Peter Lin, the founder & CEO of Atom International Technology Limited, is the brain behind the crypto exchange platform. Before founding ATOM and subsequently the crypto exchange, Lin built a virtual reality startup that launched a head-mounted personal theater system in 2016. He previously developed cryptographic security systems for the distribution of Hollywood's digital assets and also held roles at GDC Technology Limited. Peter obtained an MBA from the HKUST Business School.
The company is currently headed by CEO Thor Chan.
When Did AAX Launch?
Although the exchange was founded in early 2018, it did not launch until September 16, 2019, 18 months later.
Where Is AAX Located?
The exchange’s headquarters is in Seychelles. The website claims that the company also has offices across Asia Pasific.
AAX Restricted Countries
The rules published by AAX prohibit users from Afghanistan, Botswana, Bosnia and Herzegovina, Burundi, Central African Republic，Crimea, Cuba, Democratic Republic of Congo, Eqypt, Eritrea, Ghana, Guinea, Guinea Bissau, Haiti, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, North Korea, Panama, Sevastopol, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Tunisia, Venezuela, Yemen, Zimbabwe, Mainland China to use its services.
What Coins Are Supported on AAX?
About 230 coins are supported by the exchange, along with 11 fiat currencies. The exchange currently has 305 markets, with the most popular trading pairs being BTC/USDT and ETH/USDT.
How Much Are AAX Fees?
Like most crypto exchanges, AAX has a tiered fee structure based on a 30-day trading volume. Customers on the lowest tier (less than 50,000 USDT monthly trading volume) pay a maker fee of 0.10% and 0.15% for market takers. The fees vary across different products – spot trading, future, margin trading, etc.
Is It Possible To Use Leverage or Margin Trading on AAX?
Customers are allowed to borrow up to 3x their account balance to enter into much-larger positions. The platform currently offers triple-margin trading on USDT, BTC, and ETH.
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