Atom Asset Exchange

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Atom Asset Exchange
Company typeDigital Asset Exchange
IndustryFintech
Founded2018
Defunct2022
FateBankruptcy
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

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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

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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]

References

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