- AAX exchange platform has unveiled a no-cost cryptocurrency trading service for all users.
- The exchange offers a variety of financial services including P2P fiat trading, spot trading, and savings products among many others.
AAX institutional-grade cryptocurrency exchange has announced the introduction of a zero-fee trading service across all its spot pairs. All makers and takers will enjoy entirely free trades across all trading volume tiers as of early August 2021.
Besides unique liquidity and spread features, AAX is now offering traders a chance to save on often limiting trading commissions. Powered by a matching engine from London Stock Exchange Group’s LSEG Technology, the exchange promises unrivalled stability and low latency. These characteristics not only place AAX at an institutional level for world-class financial institutions but also make it suitable for professional and amateur traders.
AAX crypto services
Between January and June, the total market cap of the cryptocurrency market saw a 120 percent increase, CoinMarketCap data shows. To meet this tremendous surge in demand for cryptocurrencies, AAX re-defined its customer offerings. At zero cost, AAX enables users to acquire and trade major digital assets such as Bitcoin, Ethereum, XRP, and Dogecoin among many more. For the same inexpensive terms, AAX also offers DeFi-centric currencies such as Solana, Aave, Chainlink, Uniswap, and others.
The financial revolution, spurred on by crypto has only 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 where we will discover the power of collective action and focus on driving one of the biggest social and economic transformations of the century. With just under 2 percent of the world’s population in crypto, there is still so much room for growth and we believe removing as many barriers as we can to drive adoption is the right course of action at this stage.
Additionally, he noted,
We are not making money from the spread. Algo traders are still paying fees considering that they will take advantage of the superb liquidity from AAX. If competition between centralized exchanges is about driving the trading fees down, let’s just go straight to zero.
Additional platform services
More than being a conventional crypto trading site, AAX Exchange developed a platform for peer-to-peer fiat trading and lending. The platform now supports over 20 major fiat currencies. Additionally, through the over-the-counter (OTC) platform large clients can execute traders in an easier manner. The Fast Buy option, on the other hand, allows beginners to get their first Bitcoin. On top of that, AAX gives its clients varied options for both fixed and flexible savings packages. Users can earn an annual percentage yield (APY) of up to 20 percent on over 50 different kinds of crypto assets.
The Malta-based exchange boasts of over a million users making use of its 80+ spot pairs, and crypto futures contracts. Also available with the exchange are revolutionary application user interface (API) connectivity, P2P fiat trading, and varied savings products.
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