What is AscendEX?
Founded in 2013 and based in Singapore, AscendEX operates as a comprehensive cryptocurrency financial platform. Its robust product suite encompasses spot, margin, and futures trading, catering to a wide spectrum of digital asset participants. The platform's extensive offerings position it as a key player in the evolving landscape of digital finance, providing sophisticated tools for both retail and institutional investors.
How much funding has AscendEX raised?
AscendEX has raised a total of $50M across 1 funding round:
Series B
$50M
Series B (2021): $50M with participation from Hack VC, Alameda Research, Jump Capital, and Polychain Capital
Key Investors in AscendEX
Hack VC
Based in San Francisco, Hack VC is an early-stage venture capital firm focused on partnering with daring entrepreneurs at the earliest stages. Over the past decade, Hack VC is a shareholder in over 175 startups, including four unicorns. Hack VC aims to democratize access to top early stage technology startups to investors across the globe. The firm also manages the world's largest programmer conference, hack.summit() with over 135,000 attendees from 157 countries.
Alameda Research
Alameda Research was founded in October 2017. We manage over $1 billion in digital assets and trade $1-10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. We have a full-scale global operation with the ability to trade on all major exchanges and markets.
Jump Capital
Jump Capital is a venture capital firm that invests in early-stage founders focused on solving challenges in fintech, application software, and infrastructure software. The firm is known for its rigorous financial expertise and commitment to understanding the businesses it supports, providing tangible help to its portfolio companies.
What's next for AscendEX?
The recent major enterprise-level funding and strategic investment signal a period of accelerated expansion and potential product development for AscendEX. This capital infusion is likely to bolster its market position, enhance its technological infrastructure, and potentially drive further innovation in its trading and financial services. The company is poised to leverage this financial momentum to solidify its competitive edge in the global cryptocurrency arena.
See full AscendEX company page
