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Cryptocurrency exchange AAX has launched a trading program across all spot pairs. Traders on the platform will pay no fees at all, neither on maker nor taker orders, and transact across all volume tiers. The service will be active at the beginning of August, Invezz learned from a press release.
The exchange features highly attractive spreads and liquidity. It welcomes all traders who want to save on excessive fees. AAX offers low latency and high stability and is powered by the matching engine used by LSE Group’s LSEG Technology. It’s the ideal venue for novice, pro, and institutional traders.
Tailoring offerings to meet surging demand
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In H1/2021, the cryptocurrency market’s total cap increased by 120%, CoinMarketCap reports. The exchange is changing its offerings to adapt to the conditions of this market increase. AAX lets users buy and trade Bitcoin (BTC/USD), Ethereum (ETH/USD), and other major currencies. It also offers a large assortment of DeFi-based currencies like Aave (AAVE/USD), Chainlink (LINK/USD), Solana (SOL/USD), and more, free of charge.
AAX COO Toya Zhang commented:
“The financial revolution, spurred on by crypto has only just begun, and we believe now is the right time to make a big move. We live in historical times where we will discover the power of collective action and focus in driving one of the biggest social and economic transformations of the century. With just under 2% of the world’s population in crypto, there is still so much room for growth and we believe removing as many barriers as we can to drive adoption is the right course of action at this stage.”
Apart from conventional crypto trading features, AAX Exchange offers a peer to peer fiat lending and trading platform. This is an OTC platform that makes it possible for large clients to execute trades in simpler ways. Laymen of trading will benefit from the Fast Buy option, which makes it easy to learn the ropes. The exchange also makes a large number of savings packages available, fixed or flexible, with an annual yield of as much as 20%. More than 50 crypto assets are available for trading.