Institutional-grade cryptocurrency exchange AAX has announced the introduction of a zero-fee trading service on all of its spot pairs. All producers and buyers will enjoy completely free trading on all trading volume levels starting from the beginning of August 2021.
In addition to the unique liquidity and spread features, AAX now offers traders the ability to save on often limiting trading fees. Powered by a London Stock Exchange Group's LSEG technology matching engine, the exchange promises unrivaled stability and low latency. These features not only place AAX institutionally for world-class financial institutions, but also make it suitable for professional and amateur traders.
AAX Cryptographic Services
Between January and June, the total market capitalization of the cryptocurrency market increased by 120%, data from CoinMarketCap shows. To meet this huge increase in demand for cryptocurrencies, AAX has redefined its offerings to customers. At no cost, AAX allows users to acquire and trade important digital assets such as Bitcoin (find out how buy bitcoin), Ethereum, XRP and Dogecoin among many others. For the same economic terms, AAX also offers DeFi-focused currencies such as Solana, Aave, Chainlink, Uniswap, and others.
"The financial revolution, spurred by cryptocurrencies, has just begun and we believe now is the right time to make a big move," said AAX COO Toya Zhang.
“We believe in historical times when we will discover the power of collective action and focus on driving one of the greatest social and economic transformations of the century. With just under 2% of the world's population in the cryptocurrency industry, there is still plenty of room for growth and we believe that removing as many barriers as possible to drive adoption is the right course of action at this stage. "
Furthermore, he said: “We are not making money from the spread. Algo traders are still paying commissions considering they will benefit from AAX's superb liquidity. If the competition between centralized exchanges consists in lowering trading fees, we go directly to zero ”.
Additional platform services
More than a traditional cryptocurrency trading site, AAX Exchange has developed a platform for peer-to-peer fiat trading and lending. The platform now supports over 20 major fiat currencies. Also, through the over-the-counter (OTC) platform large clients can execute traders more easily. The Fast Buy option, on the other hand, allows beginners to get their first Bitcoin. In addition, AAX offers its customers various options for fixed and flexible savings packages. Users can earn an annual percentage return (APY) of up to 20% on over 50 different types of cryptocurrencies.
The Malta-based exchange boasts over one million users using its 80+ spot pairs and cryptocurrency futures contracts. Revolutionary application user interface (API) connectivity, fiat P2P commerce and various savings products are also available with the exchange.