Introduction
AAX, a leading digital asset exchange, has recently been recognized by both CoinGecko and CryptoCompare for its exceptional performance in liquidity, security, and user trust. This acknowledgment highlights AAX's commitment to providing a secure and efficient trading environment amidst a volatile crypto market.
Key Achievements
1. CryptoCompare July 2022 Report
- AAX ranked 2nd in spot trading volume, achieving a record $57.2 billion in July.
- Despite a market-wide downturn, AAX’s trading volume increased by 26.5% compared to June.
- Annual growth surged by 285%, showcasing its resilience and user adoption.
2. CoinGecko Certification
- Awarded 3-star Certified Ethereum Professional (CEP) status.
Trust score elevated to 8/10, with high marks in:
- Liquidity
- API coverage
- Cybersecurity
- Leadership team
Security Initiatives
HackenProof Bug Bounty Program
AAX launched a vulnerability-reward program on HackenProof, offering up to $1,500 per critical bug reported. Focus areas include:
- AAX website & API
- iOS/Android apps
Ben Caselin, Global Marketing Director at AAX:
"Trust is our core value. CoinGecko’s ranking reflects our dedication to security and continuous improvement."
Why Trust Scores Matter
CoinGecko’s Trust Score algorithm (introduced in 2019) evaluates exchanges based on:
- Liquidity
- Technical expertise
- Regulatory compliance
- Historical reliability
👉 Explore AAX’s security features
Industry Challenges
- $672M lost to crypto hacks in Q1 2022 (Atlas VPN).
- Rising threats to DeFi protocols and exchanges.
Tip: Always verify an exchange’s audit reports and community feedback before investing.
FAQs
Q1: How does AAX ensure fund security?
AAX uses cold storage for 98% of assets and employs multi-signature wallets with 24/7 monitoring.
Q2: What sets AAX apart from competitors?
AAX combines high liquidity, low fees, and institutional-grade security with a user-friendly interface.
Q3: Is AAX regulated?
AAX adheres to global compliance standards but operates in jurisdictions with clear crypto guidelines.
👉 Learn more about AAX’s trading pairs
Conclusion
AAX’s recognition by CryptoCompare and CoinGecko underscores its position as a top-tier exchange. With robust security measures and transparent operations, AAX is poised for long-term growth in the digital asset space.