Company:Atom Asset Exchange

From HandWiki
Atom Asset Exchange
TypeDigital Asset Exchange
IndustryFintech
FateBankruptcy
Founded2018
Defunct2022
ServicesP2P, Spot, Perpetual Contracts
WebsiteArchived

Atom Asset Exchange (AAX) is a defunct cryptocurrency exchange that offered spot, perpetual contracts and savings products across a wide variety of digital assets, including Bitcoin, Ethereum and others.

History

AAX was formed in 2018, in Seychelles,[1] operating primarily in Hong Kong. CEO Thor Chan has resigned since May, 2021.[2][3]

Two days after crypto exchange FTX filed for bankruptcy, AAX suspended all withdrawals on 13 November 2022,[1] and deleted its social media accounts.[4] On December 16, its website and App ceased to function.[citation needed] Using the Telegram app, thousands of AAX investors formed multiple online messaging groups, joining their efforts to locate the senior executives of the company.[1] On December 23, 2022, two men were detained by police in Hong Kong.[5][6]

Products

AAX offered crypto futures contracts, spot pairs, P2P fiat trading, savings products, and API connectivity. AAX supports bitcoin trading along with support for over 20 fiat currencies.[7][8][9]

References

  1. ↑ 1.0 1.1 1.2 "Crypto exchange AAX's freeze on withdrawals sparks desperate search for funds". Financial Times. 2022-12-02. https://www.ft.com/content/7f115a0e-65dd-4644-a002-15720232935f. 
  2. ↑ "HK's Atom first to use LSE trading tech for crypto exchange" (in en). China Daily HK. https://www.chinadailyhk.com/articles/232/93/26/1548223494659.html. 
  3. ↑ Huang, Zheping (2019-11-06). "Atom's LSE powered crypto exchange promises to be really fast". Bloomberg. https://www.bloomberg.com/news/articles/2019-11-06/atom-s-lse-powered-crypto-exchange-promises-to-be-really-fast. Retrieved 2019-12-03. 
  4. ↑ "Hong Kong cryptocurrency exchange AAX in limbo amid FTX crisis" (in en). AsiaOne Online. 2022-11-29. https://www.asiaone.com/money/hong-kong-cryptocurrency-exchange-aax-limbo-amid-ftx-crisis. 
  5. ↑ Ma, Dorothy; Wong, Kiuyan (2022-12-24). "HK Police Arrest Two Men in Crypto Exchange AAX-Related Case". Bloomberg. https://www.bloomberg.com/news/articles/2022-12-24/hk-police-arrest-two-men-in-crypto-exchange-aax-related-case. Retrieved 2023-01-01. 
  6. ↑ Aoqi, Chen (2022-12-23). (in Chinese)HK01 (Hong Kong). https://www.hk01.com/突發/850338/虛擬貨幣交易平台aax倒閉-警拘兩男涉欺詐-主腦捲2-3億潛逃海外. 
  7. ↑ "Hong Kong's Atom is first to use LSE tech for crypto exchange" (in en). 2019-01-23. https://www.businesstimes.com.sg/companies-markets/hong-kong%E2%80%99s-atom-is-first-to-use-lse-tech-for-crypto-exchange. 
  8. ↑ staff. "Atom Asset Exhange". https://www.cmeoex.com/. 
  9. ↑ staff. "Atom Asset Exchange Platform". https://cmeoq.com/syn/?t=crypto. 

External links



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