THELOGICALINDIAN - Hong Kong20December 2023 AAX today provided an amend to its association analogue a forwardlooking eyes for active the acceptance of Bitcoin and the added crypto market
More than a trading platform, AAX offers a abounding apartment of banking articles and casework to everyone, from NFT artists and entrepreneurs to adeptness traders and the unbanked, actively agreeable in accessible address and accession itself as a crypto hub for everyone.
The amend reveals how the barter is affective advanced with an amplification plan that will accredit it to abutment the accelerating acceptance of crypto. At the aforementioned time, it continues to appraise the ambiance for agenda assets globally.
AAX is apprenticed by its mission to be a agitator for crypto adoption, which can appearance bigger and added across-the-board all-around economies. In its adventure to accomplish this vision, AAX aims to accomplish crypto added attainable to an estimated 96.1% of bodies common who do not authority agenda assets.
AAX believes that crypto has no frontiers – and seeks to be an barter for everyone by alms insights and articles that abutment the affiliation of crypto into the circadian lives of bodies about the world.
Thor Chan has stepped bottomward as the CEO of AAX and will abide to abutment the barter as a affiliate of the Board of Directors.
“I am accustomed to accept been the CEO for AAX, which has accomplished so abundant back our barrage in November 2023,” said Thor. “We congenital a association of added than two actor users in over 100 countries and became the world’s aboriginal cryptocurrency barter to be powered by LSEG technology, as able-bodied as the aboriginal to accomplish the about-face to the Satoshi Standard (SATS) to drive the acceptance of Bitcoin forward.”
The Board is ability a chase for a new CEO to advance the abutting date of AAX’s development and it is there to accommodate advice to the administration aggregation until the abutting aptitude is appointed.
Exploring operations in new territories and alluring talent
AAX has additionally articular administration for its Singapore article and will allotment added account about this soon. In February 2023, AAX appear that its Singapore associate article had been accepted an absolution beneath the Payment Casework Act by the Monetary Authority of Singapore (MAS). This absolution allows it to accommodate cryptocurrency-to-cryptocurrency casework to barter in the country, afterward an appliance for a Payment Casework License, which is currently in process.
AAX is additionally exploring opportunities to aggrandize its operations to new regions, including markets in Europe. We are in the action of establishing our operations in new markets including registering as an entity, ambience up an office, and active our hiring plan. We will amend the association with added advance on this aspect soon.
AAX additionally aims to abutment its advance action by tripling its all-around headcount over the advance of 2022. In band with its appetite to be an barter for everyone, AAX is accessible to all candidates with an absorption in crypto, behindhand of their accomplishments or able experience. The barter is committed to architecture the abstruse abilities of accomplished bodies through able development programs.
Products and insights to advance an barter for everyone
AAX’s advance action reflects its acceptance that the acceptance of Bitcoin and added agenda assets can advice actualize befalling and body fairer and added across-the-board economies. Its appetite to be an barter for anybody is accordingly ashore in its confidence that crypto should be fabricated attainable to all. That agency alive to acquisition credibility of affiliation with the all-inclusive majority of bodies who do not yet authority crypto and are not accustomed with agenda assets.
“More than a technology or a new asset class, we see Bitcoin as a disciplinarian of change that proposes a altered set of attempt about ownership, agency, borderlessness and complete budgetary policy. As an exchange, abreast from alms a abounding apartment of banking articles and services, it additionally agency we charge to appoint in accessible address and advice appearance the anecdotal about Bitcoin and the added crypto markets,” said Ben Caselin, Head of Research and Strategy at AAX.
“We’re active acceptance by actuality allotment of the chat about how alteration concepts of money and amount bisect with ability beyond areas including art, gaming, music, philosophy, and sports,” added Caselin. “This is how we accept a new archetype can acquisition its way to the masses. From artists to the unbanked, from adeptness traders to across workers, the addressable bazaar encompasses everyone.”
Products and insights that accompany crypto to everyone
AAX is committed to active the all-around acceptance of Bitcoin – and additionally believes in accouterment investors with admission to a added ambit of affection agenda assets. Powered by LSEG technology, AAX is the aboriginal crypto barter to action Bitcoin application the Satoshi Standard (SATS) this year, which agency that investors can buy a assemblage of Bitcoin for as little as US$0.10. In accession to accretion admission to crypto for a broader ambit of investors, AAX additionally offers high-yield token-based accumulation products and fiat on- and off-ramps for 25 currencies.
“We are amorous about the qualities of Bitcoin: permissionless, immutable, intrinsically scarce,” connected Ben Caselin. “But we additionally account a advanced spectrum of tokens on AAX, giving investors the befalling to accurate altered angle about the approaching of agenda assets and apprentice about the asset class.”
AAX is amorous about educating a ample admirers about agenda assets, enabling them to accomplish abreast choices about how to appoint with the approaching of finance. AAX approved this charge in aboriginal November as a Diamond Sponsor of the Hong Kong FinTech Week.
AAX acclimated the high-profile accident as an opportunity to analyze how the circle amid concrete and basic worlds is changing, and additionally bedeviled the adventitious to appoint with visitors face-to-face. The barter commissioned bristles NFTs that played with the abstraction of crypto celebrity ‘gods’ and their appulse in the bazaar – and visitors additionally had the adventitious to be allotment of an NFT that was composed during the week.
Also in November, AAX and Forkast.news co-hosted Bitcoin & Beyond, a one-day basic acme that brought calm the best affecting choir in crypto to altercate how to blueprint a advance for a new agenda abridgement afterwards a celebrated year for agenda assets. As AAX seeks to affix with non-crypto natives, Ben Caselin, Head of Research and Strategy at AAX, also provided bazaar acumen to arch boilerplate media including Bloomberg, Reuters and Fortune.
AAX’s exhibition breadth at Hong Kong FinTech Week, including the crypto gods NFTs.
Doubling bottomward on bringing crypto to everyone
AAX will abide to bout its charge in advancement crypto acceptance with a artefact set that enables anybody to admission the market. The barter will abide to accommodate new band 2 scalable solutions to enhance the crypto basement accessible to users.
As an barter for everyone, AAX supports the development of basement for a ambit of users. This includes users who appetite to use Lightning Network wallets for fast and bargain Bitcoin transfers. It additionally includes miners: AAX is the aboriginal and alone crypto barter to be chip with captivated Ether (wETH), alms miners bargain and real-time adjustment via Polygon Network.
AAX additionally charcoal committed to crypto apprenticeship and to arch a chat about the accord amid ability and finance. Working with partners, the barter will present a alternation of Bitcoin & Beyond contest – including the capital anniversary appointment – during the advancing year.
During the aboriginal division of 2022, the barter will accomplice with an bargain abode to advertise the ‘crypto gods’ NFTs showcased at the Hong Kong FinTech Week. As it has ahead shared, AAX additionally has affairs to barrage an NFT marketplace.
AAX welcomes acknowledgment from its association about this action update. Please accompany the discussion:
AAX is an barter for anybody because we accept crypto is for everyone. Through an attainable ambit of articles and by accidental to the chat about crypto and culture, we are aperture the aperture to Bitcoin and added agenda assets for the estimated 96% of bodies common who do not yet own them to body bigger and added across-the-board economies.
Favored by added than two actor users in over 100 countries, AAX is the aboriginal barter to use the Satoshi Standard (SATS) to drive the acceptance of Bitcoin. We are additionally the aboriginal to be powered by LSEG technology, and action high-yield accumulation packages, 100 atom pairs, acutely aqueous futures markets, approved discounts on above tokens and a ambit of on-ramps.