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CoinGecko and CryptoCompare Approve AAX Exchange

Coingecko and CryptoCompare recognize AAX Exchange as the top digital asset exchange. A top crypto platform that offers a wide range of services, including spot and savings products.

CoinGecko and CryptoCompare Approve AAX Exchange

Famous coin tracker Coingecko has recognized AAX Exchange as one of the top 20 most trusted cryptocurrency exchanges in the world. Press release dated August 16, according to AAX Exchange. Meanwhile, the Financial Conduct Authority (FCA), which issues licenses to crypto market data providers in the UK, noted a spike in spot trading volumes in July 2022.

After a sharp price decline towards the end of June 2022 saw the cryptocurrency fall, losing on average 80% of its value from its peak in 2021, prices stabilized in July. This acclaimed growth coincided with an increase in AAX Exchange trading volume.

According to a CryptoCompare assessment published in July 2022, AAX exchange activity increased by 285% in 2022, making it the second largest cryptocurrency exchange by physical trading volume.

The platform reported spot trading volume of $57.2 billion in July 2022. This is a 26.5% increase over June 2022. It is interesting that most traders and investors chose his AAX exchange at a time when spot trading volumes are generally declining on most exchanges.

An increase in spot trading activity is an optimistic sign. In this configuration, a centralized exchange acts as an intermediary, allowing customers to purchase their preferred cryptocurrencies such as Bitcoin, Ethereum, or even his BNB with supported fiat currencies or other cryptocurrency assets. will do so.

They can use any services offered by the exchange, such as savings, if desired. The increase in trading activity is a sign of growing confidence and confidence among traders, which is good news for the developing cryptocurrency sector.

Trust scoring and listing

Coingecko has given AAX Exchange a trust score of 8 for increased trading activity in July 2022, making the exchange a 3-star Certified Ethereum Professional (CEP) exchange.

Coingecko, a company renowned for its thorough reputation of listing only exchanges with real trading volume and activity, based on this ranking, guarantees the liquidity, security, API coverage, scalability and leadership of AAX Exchange. it was done.

Coingecko specifically stated that there were no security breaches on the AAX Exchange that could have resulted in users losing money or personal information.

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https://www.dcforecasts.com/cryptocurrency-exchange-news/coingecko-and-cryptocompare-acknowledge-aax-exchange/ CoinGecko and CryptoCompare Approve AAX Exchange

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