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AscendEX
AscendEX(BitMax): Global Digital Asset Trading Platform|Bitcoin Exchange|Crypto Trading
About AscendEX
AscendEX is a global cryptocurrency exchange headquartered in Singapore that serves over a million retail and institutional clients worldwide. The platform, which was launched in 2018 under the name BitMax, provides a wide range of services, including spot, margin, and futures trading, as well as staking and other yield-generating opportunities.
AscendEX's business strategy is based on providing a diverse range of digital assets while also pioneering the DeFi ecosystem. The company's revenue is primarily generated through trading fees, which include maker and taker fees, as well as withdrawal fees. The platform also provides launchpad services, which allow users to invest in early-stage blockchain projects.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Singapore, Singapore
- Employees
- 115
- Open positions
- None listed
- Dealroom signal
- 80.0/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi
- Sector
- Fintech, Bitcoin, Trading, Crypto Exchange, Cefi, Crypto Yielding, Crypto Staking, Crypto Lending and Borrowing, Crypto and Web3, Hard Tech
- Technology
- Blockchain
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 10 companies, latest Mar 2024
- Capital deployed
- $70M
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Nov 2021 | $50M | $200M | Alameda Research · Jump Capital · Polychain Capital · Hack VC | ↗ |
| EARLY VCOther financing | Feb 2019 | $0 | — | Mapleblock Capital | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for AscendEX is 80K monthly website visits, up 2.6% over the last three months. AscendEX's team declined 11.5% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
AINNLayer2Jersey City, United StatesAI-driven Bitcoin Layer2 solution offering decentralized transactions, staking, and rewards with multichain interconnection
→
Vest LabsNew York City, United StatesCreating a decentralized exchange that will allow for perpetual trading on a variety of assets
$20Mvaluation
nftperpWashington DC, United StatesNftperp
$17Mvaluation
TimeShuffleZurich, SwitzerlandA TRPG Created by Gamers for Gamers
$8.4Mvaluation
prePOSydney, AustraliaThe decentralized pre-IPO and pre-token trading platform
$8.4Mvaluation
CoinRoutesMiami, United StatesAdvanced algorithmic trading software delivering the best commercially available performance money can buy
$70Mvaluation
WOO NetworkTaipei, TaiwanA deep liquidity network for centralized and decentralized finance, connecting traders, exchanges, and institutions with democratized access to best-in-class liquidity and trading execution
$150Mvaluation
Jet ProtocolUnited StatesA borrowing and lending protocol built on Solana
$27Mvaluation
HummingbotMountain View, United StatesAn open-source algorithmic trading platform for cryptocurrency markets, enabling decentralized market making and automated trading strategies
$32Mvaluation
ZignalySingapore, SingaporeZignaly is an open trading platform for cryptocurrencies. It provides tools and resources that allow traders to analyze price, place and manage orders, completely autonomously
$200Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A5 investors entered at this stage
Mapleblock Capital
Polychain Capital
Hack VC
Alameda Research
Jump Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about AscendEX on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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