aax-rolls-out-new-suite-of-products-to-meet-growing-demand-for-‘alternative’-crypto-solutions

AAX rolls out new suite of products to meet growing demand for ‘alternative’ crypto solutions

AAX, the digital asset alternate powered by LSEG Technology, unprejudiced no longer too long ago rolled out a series of merchandise opening up novel alternatives to invest, commerce, and arrange crypto wealth.

Doubling its particular person heinous in precisely over a month, AAX is snappily turning exact into a hub for a monumental series of financial actions, from commerce and funds to earning and saving cryptocurrency. This month the alternate launched the next updates for August:

  • Original converse listings: DeFi

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To meet the growing ask for revolutionary DeFi tokens, AAX has opened up 6 novel markets for Compound (COMP), Bancor Community Token (BNT) and Aave (LEND), which is willing to be traded against Bitcoin (BTC) and USDT.

  • Futures shopping and selling

Original USDT-settled perpetual contracts are on provide for Ethereum (ETH), ChainLink (LINK), COMP, and Bitcoin Cash (BCH). This permits users to plot, no matter whether or no longer it is a own or a bull market.

  • Rewards Hub

AAX is now launching AAX Huge Stadium, a rewards hub where users can get prizes and plot crypto rewards for finishing straightforward duties.

  • Financial savings

With world negative interest rates in power, ask has been on the rise for every decentralized and crypto-based mostly completely mostly financial savings solutions. Now, as successfully as to AAB Plus, AAX Vault also offers high yield financial savings merchandise for BTC and ETH, with aggressive each day interest rates.

  • Call for OTC retailers

With increase for 20+ fiat-to-crypto gateways, AAX is asking for extra crypto retailers to position of dwelling up shop on its over-the-counter platform. Till August 31, 2020, there’ll doubtless be no designate on merchant applications.

“The crypto location is though-provoking very snappily now. Ardour within the wider location beyond Bitcoin and shopping and selling is gathering tempo with increased ask for financial savings merchandise and different tools to optimize crypto wealth administration,” said AAX’s CEO, Thor Chan.

“We watch this expressed within the DeFi-location, but in a similar diagram, high-caliber centralized exchanges are also building out their ecosystems based mostly completely totally on a growing ask for alternative, crypto-based mostly completely mostly financial carrier solutions. We’ve now adopted a extraordinarily aggressive innovation technique, with rapid growth on all frontiers, and we request to walk this work over the approaching few months.”

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