The Times Australia
News From Asia

.
Beatbot

.

AAX Recognized by CoinGecko and CryptoCompare

CryptoCompare acknowledged the increase of AAX's spot trading volume in July.

CoinGecko ranked AAX as one of the top 20 and most trusted cryptocurrency exchanges.

VICTORIA, SEYCHELLES - Media OutReach - 24 August 2022 - AAX, a digital asset exchange for everyone, announced today that it has been recognized by CryptoCompare, an FCA authorized and regulated global leader in digital asset data, for its increase in spot trading volume in July 2022.

CoinGecko, a leading data aggregation platform for the crypto market, has also ranked AAX as one of the most trusted cryptocurrency trading platforms.

CryptoCompare Exchange Review

According to CryptoCompare's latest Exchange Review published in July 2022, AAX has been ranked the second-largest exchange by spot trading volume, with a rise of 285% in 2022. In July 2022, the digital asset exchange recorded US$57.2 billion in volume, a 26.5% rise from June, despite the decline of spot trading volumes across all centralized crypto exchanges.

CoinGecko Ranks Top Cryptocurrency Exchanges

CoinGecko has awarded AAX a Trust Score of 8, which indicates an increase. The new score indicates that AAX is now ranked as a 3-star Certified Ethereum Professional (CEP) Exchange.

Among the ranking criteria, AAX scored favorably in terms of liquidity, scale, cybersecurity, API coverage, and the availability of a senior leadership team. AAX was also recognized as a digital asset exchange that has not yet experienced security/functional issues that can potentially affect a user's fund safety.

AAX's Bug Bounty Program on HackenProof

AAX's improved Trust Score follows the launch of its recent bug bounty program on HackenProof. The bug bounty program opens the door to the community and aims to shape a security-first platform with four top priorities - AAX's website, its API, Android and iOS apps. The program offers payouts of up to $1,500 per critical vulnerability discovered, with smaller rewards for less critical bugs.

"Trust has alway been one of AAX's core principles, along with security, integrity, and performance," said Ben Caselin, VP of Global Marketing and Head of Research & Strategy at AAX. "Fully delivering on these principles takes time and constant improvement. It is great to see our achievements reflected in CoinGecko's ranking as we continue to enhance our technological capability and services for our users.."

CoinGecko Guides Investors to the Best Exchanges with Its Trust Score

CoinGecko rolled out its Trust Score algorithm in 2019 to provide its users with transparent data so that they can make informed decisions on which platform they should entrust with their funds. In addition to liquidity, the CoinGecko Trust Score ranks exchanges based on trading activity, scale, technical expertise, cybersecurity, and other metrics.

For traders, it is of utmost importance to choose a trusted exchange. The crypto industry has been hit with multiple hacks on exchanges and DeFi protocols in recent months. One recent report by Atlas VPN found that hackers stole over $672 million through various heists and scams in the first three months of 2022 alone. Moreover, hacks on unregulated crypto exchanges and DeFi platforms have become common, resulting in millions of dollars of investors' funds lost.

Hashtag: #AAX

About AAX

AAX is a top-tier digital assets exchange that caters to a global audience, with a vision of bringing the benefits of digital assets to everyone. Through an accessible range of products and by contributing to the conversation about digital assets and culture, we aim to empower the estimated 96% of people worldwide who do not yet own Bitcoin and other digital assets to build better and more inclusive economies.

Favored by more than three million users in over 160 countries, AAX is the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin. We are also the first to be powered by LSEG Technology, offering high-yield savings packages, 200+ spot pairs, deeply liquid futures markets, regular discounts on major tokens and a range of on- and off-ramp products.

Welcome to visit AAX official website for more information:
For the latest news, you can follow AAX social media platforms to learn more:







The Times Features

How can brands recognise the very important role that visual content plays in the real world?

For nearly three decades, Getty Images and iStock have developed unparalleled expertise in understanding the impact of visual content on our world. During this time, one truth ...

Long COVID appears to be driven by ‘long infection’. Here’s what the science says

Around 5–10%[1] of people with COVID infections go on to experience long COVID, with symptoms lasting three months or more. Researchers have proposed several biological mechan...

Evaluating Costs and Benefits of DIY Plumbing vs. Professional Services in Newcastle

Plumbing is an essential service for homes and businesses in Newcastle, ensuring the smooth flow of water and sanitation facilities. As residents and businesses strive to maintai...

Tasting Australia welcomes Journey Beyond as new presenting partner

One of the country’s longest running food and beverage festivals, Tasting Australia has announced Journey Beyond as the festival’s new presenting partner for 2025 and beyond. Th...

There are 2 main ways to stretch – the one you should choose depends on what you want your body to do

Picture this: you’ve just woken up and rolled out of bed. Your feet hit the floor, and your legs buckle. They are in absolute agony – that run yesterday has really come back to...

Chef Tom Walton shares three top tips to create budget-friendly meals without compromising on flavour

Feeding the family on a budget doesn’t need to mean sacrificing flavour. Chef Tom Walton shares his top three tips for creating delicious and cost-effective meals. Here’s how y...

Times Magazine

Making Memories Around Your Pool- Here Are Some Fantastic Tips to Help You Capture Those Perfect Moments

Now you have your dream pool in your yard; it is time to make some wonderful memories. Your pool space offers a fantastic scope to take delightful pictures, and it would be a great idea to capture those special moments in the pool. It doesn't matt...

Faultless Journeys: Exploring the Benefits of Bus Charter Services in Brisbane

Brisbane is a city full of lights, diversity, change and colours. It is populated with cultural differences and multiple businesses that offer a bundle of opportunities for interaction. There are multiple places to visit and explore in cases wher...

How to Reduce the Risk of Motorhome Tyre Dry Rot

Motorhomes are large vehicles that may frequently stay out of use for long periods of time while exposed to the weather. As you can expect, the vehicle's weight is always concentrated in one spot on the tyre, and this constant exposure to the wea...

5 reasons to go second-hand for your next photography equipment

There’s nothing quite as exciting to photographers than purchasing fresh equipment to add to their kit. Whether it’s an upgraded camera body or new lenses, most of us have an ongoing wishlist of photographic gear that seems to be never-ending. ...

The gold standard: why acrow props are still imperative to modern construction

Acrow props, or “scaffolding poles”, have long been one of the most imperative pieces of construction equipment. They are designed to provide extra structural support for the various levels found in new builds as the construction workers move upwar...

Reach Peak Performance Through All-in-One HR Software

Core Functions and Features When it comes to managing a successful business, having the right tools and features in place is essential. Core functions and features such as recruiting, onboarding, employee database management, performance managemen...