If it’s good enough for the London Stock Exchange group, then it’s good enough for us, AAX, the digital exchange, has been firmly throwing its weight behind Solana. Solana has been making waves as arguably the fastest blockchain on the block.
AAX is the foremost exchange to be powered by LSEG technology. This is the same exact matching engine that powers the London Stock Exchange, and this helps to explain why AAX is considered by many in the Asia Pacific region as the leading exchange, and certainly, its numbers support this.
The exchange is all-in on Solana. It is offering clients $0 trading fees on trading Solana Spot, the ability to seek generous passive yields by the minute in the SOL, the opportunity to take advantage of industry bashing interest rates, no barriers for depositing and withdrawing, and absolutely no fees or lock-up period on SOL.
Why Solana?
Solana blockchain is considered by many to be the greatest threat to Ethereum. It brings many benefits that Ethereum struggles with. It is a place for developers to build at scale using its open infrastructure architecture. Solana uses the most advanced technologies, unused previously and it offers unparalleled transaction speeds at up to 50,000 transactions per second, compared to Ehtereums 10 – 15 transactions per second, and it boasts enterprise-level security.
The token at the heart of the Solana ecosystem is the SOL token and it has skyrocketed from just over $2 in January 2021, to over $74 in August 2021, which shows that this popular platform has many fans behind it, even in times of bear markets. The ecosystem plays host to over 250 projects which include Solana wallets, DEXs, lending protocols, staking platforms, games, entertainment, storage solutions, NFT marketplaces, and more.
Who is AAX?
AAX, an institutional-grade platform, launched back in early 2018, following Bitcoin’s all-time high at that time. AAX leveraged that momentum and built an exchange that would be ready for a more mature market, for investors both retail, professional, and institutions to get the best out of the crypto markets, with a platform that would be feature-rich, fast enough, and with realistic prices. And so AAX was born.
According to the founder “We were looking to excel along the lines of performance, security, and integrity, so we could offer a trusted trading environment. For performance, we integrated our systems with LSEG Technology’s Millennium Exchange matching engine – the same matching engine that powers London Stock Exchange.”
He added: “As for integrity, we operate market surveillance technology to monitor for any market anomalies or signs of manipulation. We have efficient measures in place to combat money laundering and other financial crimes, while at the same time, our systems allow for easy onboarding – including for our institutional clients.”
Users at AAX can buy and sell BTC, ETH, LTC, EOS, XRP, and a host of other assets.
The platform boasts the following features:
- Market inquiry: 24/7 real-time price information updates on bitcoin, ether, and the top 100 crypto coins;
- Futures trading: Perpetual futures contracts for bitcoin, Ethereum, Litecoin, EOS, and XRP; high leverage and auto-liquidation for safe trading
- Over-the-counter trading: fast settlement;
- Spot trading: cutting-edge technology guarantees ultra-low latency and quick profit-taking;
- Unlike many exchanges AAX has a 24/7 customer service team that is professional and efficient.
The future of the blockchain is so much more than just Ethereum and with competitors like Solana, Ethereum is certainly feeling the heat this summer.
Der Beitrag Solana is heating up the crypto space this Summer erschien zuerst auf Crypto News Flash.
