On October 22, AscendEX invited many senior industry practitioners, who are also AscendEX partners and old friends, to start an impromptu conversation in the Twitter space with the theme of Moving towards a bull market, reviewing and looking forward to the evolution of the crypto industry.
Old friends talk about industry changes and future trends
2024 is a special year for AscendEX. Founded in the crypto bull market of 2018, AscendEX has experienced numerous challenges and still stands in the crypto market and ushered in its sixth anniversary. 2024 is also a special year for the entire crypto industry. Affected by factors such as the US election, the situation between Russia and Ukraine, the Middle East war, and inflation, the trend of mainstream cryptocurrencies is particularly complicated. But this also shows that crypto finance is gradually integrating into the traditional financial system, marking a new stage for the industry to become more mature and compliant.
At this time, AscendEX, as the organizer, invited crypto financial service provider Amber group CTO Tomas, web3 security audit agency Certik co-founder Prof. Gu, web3 media Metaera Founder Vito, CGV Investment Manager Frankie, and Memecoin fair launch platform SunPump representative Charles to gather in Twitter Space, and talk freely with the guests. It almost gathered a complete product ecosystem of the crypto industry, but there was no interview manuscript prepared in advance, or even an interview outline, just from the multiple perspectives of investors, builders, and entrepreneurs, to start this six-year exploration of the crypto world.
In the AMA, George Cao, founder of AscendEX, asked a question that resonated with everyone: What do you think is the best decision you have made in the past six years? If you could do it all over again, what decision would you choose again?
George Cao responded that after experiencing the turmoil in the crypto market, the core members of AscendEX remained true to their original aspirations. The best decision in the past six years was to build such a passionate and combative team. He also emphasized that if he could choose again, he would focus more on the core business of the exchange and launch contract trading derivatives, Web3 wallets, DEX and other products earlier. He reminded investors to pay attention to trends while also being cautious and focused at all times.
Charles, a representative of SunPump, expressed his emphasis on improving asset security by citing the high returns and high risks of memecoin and his own experience of losing assets in the FTX incident. Prof. Gu, co-founder of Certik, affirmed his courageous decision to challenge the crypto security track and reiterated the importance of security products. He also shared his thoughts on establishing a deeper connection with the community and users, and introduced the free security detection tool launched by Certik, tokenscan, to the audience, hoping to help users make more comprehensive investment decisions.
CGV InvestmentManager Frankie shared with everyone his regret for not participating deeply in the Memecoin track in this round of market. In future development, in addition to continuing to focus on financial services and blockchain infrastructure construction, they will also devote more energy to emerging tracks.
In the subsequent exchanges, Amber Groups CTO Tomas talked about the complementary relationship between coin price and transaction volume, and Metaeras founder Vito shared how to use the wealth-creating effect to amplify traffic dissemination. When talking about future trends, Frankie also talked about new technologies. They are more optimistic about product development close to users, such as the recent account abstraction technology. If this innovation can significantly improve the security of user assets, it will release greater development potential in the future. This view was unanimously recognized by everyone. The guests shared a lot of thoughtful views based on their dual experience as professional practitioners and personal investment experience, and also brought very insightful perspectives to new investors.
Looking back on the road we have traveled, it is not difficult to find that continuously accumulating product power that can bring more impetus to the industry and creating innovative products that are closer to users and more directly address user pain points are the core driving forces that help the platform develop in an orderly manner.
AscendEX 6th Anniversary: Setting Sail, Exploring, and Growing Together
AscendEX was formerly known as BitMax. Looking back at AscendEXs six years of growth and exploration, at the beginning of its founding in 2018, relying on the solid foundation of the Wall Street quantitative team, AscendEX was able to rise rapidly and became a leader in the global crypto asset trading industry in a short period of time. Since then, AscendEX has continued to evolve with the concept of innovation and user-first, constantly polishing its products and services, and providing users with diversified trading products including spot, leverage, contracts, etc., as well as diversified services such as staking and decentralized trading. It launched the industrys first full-position leverage model and established a blockchain technology investment incubator to iterate and enrich financial services to help users realize asset appreciation. It is also committed to providing the most cutting-edge crypto trading solutions, breaking the boundaries between traditional finance and the digital currency world, and bringing more advanced trading experience to global users.
In 2019, AscendEX launched the first multi-chain supported asset management tool, providing convenient asset management services. In 2020, it went deep into the DeFi field and launched liquidity mining and staking services, which significantly improved the return on investment of users, and AscendEXs own product strength was also greatly improved. In 2021, with the arrival of a new round of bull market, AscendEX completed a US$50 million Series B financing. Since its establishment, AscendEX has successively received support from many well-known investment institutions such as Matrix Partners China, Danhua Capital, BITMAIN, Jump, Polychain and Hack VC. This round of financing has injected strong impetus into AscendEXs international expansion and team building. Help the platform to achieve a comprehensive upgrade of its brand and products. In 2023, AscendEXs daily trading volume climbed to US$4 billion, gradually becoming a platform trusted by users and partner institutions in the industry.
From the initial silent cultivation to the current accumulation of rich product success experience, serving more than 150 countries and regions, with more than 10 million registered users worldwide. AscendEX has always been practicing the core values of efficiency, transparency, and stability, constantly advancing and advancing on the road of product innovation and global expansion, continuously promoting the update and iteration of financial products, and at the same time sparing no effort to ensure security and compliance. Provide stable and efficient trading services for institutions and individual users. Cooperation with many well-known market makers and technical teams has created an efficient trading system, providing a solid guarantee for the security of users funds.
AscendEX 6th Anniversary: Technological Innovation and Security
In the six-year journey of AscendEX, the core teams passion and original intention for the crypto industry have always guided the platform to create every breakthrough. The industrys first tiered fee system and DeFi staking products provide users with a variety of investment options and are well recognized by the market. Today, AscendEX has more than 10 million registered users and a daily trading volume of over 8 billion US dollars. Behind all these achievements, it is inseparable from the trust and support of users.
Therefore, at this moment of celebration, founder George Cao also emphasized that security and innovation are the cornerstones of the platforms sustainable development. The crypto industry has been in constant change from beginning to end. AscendEX will always put user experience first and strive to provide better services to every user. In future exploration and development plans, AscendEX will also maintain a close connection with users to jointly promote the healthy development of the platform and the crypto industry.
AscendEXs Sixth Anniversary: Diversified Product Layout, Building an All-Round Ecosystem
In 2023, as the influence of social media continues to expand, meme tokens have gradually become a popular choice among crypto assets. The rapid growth of the memecoin sector has greatly promoted the diversification of the crypto market. Its price volatility and community-driven characteristics have allowed many investors to see the possibility of short-term gains. AscendEX took the lead in actively deploying the emerging Memecoin field, creating a flexible and efficient trading environment for users, and also providing the latest and fastest trading opportunities for young new investors. Along the way, AscendEX has always adhered to the open product concept and actively embraced industry changes. From the Bitcoin boom to the DeFi, NFT and Memecoin waves, AscendEX closely follows the industry trend and meets the needs of different investors by providing a variety of trading products. Continuously expand the platforms product layout and enhance the platforms competitiveness.
In September, AscendEX also demonstrated its leadership in the Memecoin field at the Token 2049 conference, and plans to promote the application and development of blockchain technology through close cooperation with the global community. George Cao said: In the past six years, AscendEX has continued to evolve and always put the needs of users at the core. In the future, we will continue to promote platform innovation, adapt to market demand, focus on the expansion of emerging fields, and create greater value for users.
As mentioned in the AMA, products with great potential are those that are closer to users. In the next six years, AscendEX will continue to focus on providing users with a transparent and efficient blockchain asset trading experience, creating an all-round ecosystem through diversified product layout, exploring more possibilities for the integration of traditional finance and crypto finance, and building a safer and more dynamic crypto financial ecosystem.
