AscendEX Launches Hummingbot Liquidity Portal

AscendEX, previously BitMax, a world cryptocurrency monetary platform with a complete product suite, is worked up to announce the launch of the Hummingbot Liquidity Mining Portal. AscendEX customers will be capable of entry instruments and upside that have been beforehand solely accessible to a small circle of refined market makers. In celebration of the Hummingbot Liquidity Portal integration, AscendEX will launch a marketing campaign beginning June 22, at 12:00 a.m. UTC the place customers can earn a share of a 200,000 USDT reward pool. The marketing campaign will initially assist two buying and selling pairs, BTC/USDT and ETH/USDT. AscendEX will launch eight further pairs on Hummingbot Miner within the coming weeks.

Hummingbot supplies open-source market-making infrastructure and a one-of-a-kind open market the place people receives a commission to commerce. Based by Carlo Las Marias, Martin Kou, Michael Feng, and Yvonne Zhang in 2019, the workforce goals to advertise an open, honest, and inclusive world monetary system by offering instruments and schooling for customers. Hummingbot’s one-of-a-kind “Market Making 101” academy allows just about anybody to study to commerce like a professional. AscendEX would be the third trade to assist Hummingbot liquidity mining on their platform.

“Hummingbot not solely delivers worth to particular person merchants but additionally helps blockchain tasks promote favorable liquidity circumstances for his or her native token,” stated Shane Molidor, AscendEX’s World Head of Enterprise Growth. Hummingbot Miner supplies a low-cost and versatile answer that can be accessible to all tasks listed on AscendEX. Molidor went on to say, “We like the concept that Hummingbot Miner leverages recreation concept to incentivize merchants by analyzing commerce information to calculate rewards.”

AscendEX participated in Hummingbot’s Collection A funding spherical alongside top-tier strategic buyers.

About AscendEX

AscendEX (previously BitMax) is a world cryptocurrency monetary platform with a complete product suite together with spot, margin, and futures buying and selling, pockets companies, and staking assist for over 150 blockchain tasks akin to bitcoin, ether, and ripple. Launched in 2018, AscendEX companies over 1 million retail and institutional purchasers globally with a extremely liquid buying and selling platform and safe custody options.

AscendEX has emerged as a number one platform by ROI on its “preliminary trade choices” by supporting a few of the trade’s most modern tasks from the DeFi ecosystem, akin to Thorchain, xDai Stake, and Serum. AscendEX customers obtain unique entry to token airdrops and the power to buy tokens on the earliest potential stage.

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 About Hummingbot

Hummingbot is an open supply crypto buying and selling bot platform that permits decentralized market making. Based by Carlo Las Marias, Martin Kou, Michael Feng, and Yvonne Zhang in 2019, and is headquartered in Mountain View, California. Hummingbot is a community-driven open-source venture that goals to democratize algorithmic buying and selling by making refined high-frequency buying and selling methods freely accessible to everybody on the earth.

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