Atom Asset Exchange
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| Company type | Digital Asset Exchange |
|---|---|
| Industry | Fintech |
| Founded | 2018 |
| Defunct | 2022 |
| Fate | Bankruptcy |
| Services | P2P, Spot, Perpetual Contracts |
| Website | Archived |
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
[edit | edit source]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
[edit | edit source]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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