What is AscendEX?
Founded in 2013 and based in Singapore, AscendEX operates a comprehensive financial platform catering to the cryptocurrency market. Its product suite encompasses spot, margin, and futures trading, positioning it as a versatile exchange for a wide range of digital asset activities. The company's longevity and broad offering suggest a mature operational framework and a deep understanding of market dynamics.
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, Jump Capital, Polychain Capital, and Alameda Research
Key Investors in AscendEX
Hack VC
Hack VC is an early-stage venture capital firm based in San Francisco, known for investing in daring entrepreneurs and holding stakes in over 175 startups, including unicorns. They focus on democratizing access to top early-stage technology startups globally.
Polychain Capital
Polychain Capital is a San Francisco-based investment firm established in 2016, specializing in the trading of blockchain-based assets and cryptocurrency protocols. They are a key player in the digital asset investment space.
Alameda Research
Founded in October 2017, Alameda Research manages significant digital assets and trades substantial volumes across thousands of products. They operate globally with the capability to trade on all major exchanges and markets.
What's next for AscendEX?
The recent major strategic investment into AscendEX signals a pivotal phase for the company, likely aimed at expanding its global reach, enhancing its technological infrastructure, and potentially exploring new financial product development. This infusion of capital, following a Series B round, indicates a move towards scaling operations and solidifying its market position against a backdrop of evolving regulatory landscapes and increasing institutional interest in digital assets.
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