On October 22, AscendEX hosted an impromptu discussion titled " Ascending to the Bull Market Exploring the Evolution and Future of the Crypto" inviting numerous industry veterans, partners, and friends to join a Twitter Space event.

2024 is a significant year for AscendEX, which was founded during the 2018 crypto bull market. Despite numerous challenges, AscendEX remains a stalwart in the crypto market, celebrating its six-year anniversary. This year is also noteworthy for the entire crypto industry, influenced by factors such as the U.S. elections, the Russia-Ukraine conflict, Middle Eastern wars, and inflation. The trends of mainstream cryptocurrencies have become increasingly complex, signifying that crypto finance is gradually integrating into the traditional financial system, marking a new stage of maturity and compliance for the industry.

At this pivotal moment, AscendEX invited notable guests including Tomas, CTO of Amber Group, Prof. Gu, co-founder of the Web3 security auditing firm Certik, Vito, founder of the Web3 media outlet Metaera, Frankie, investment manager at CGV, and Charles, a representative from the Memecoin launch platform SunPump. They gathered in the Twitter Space to engage in an open discussion, reflecting on their six years of exploration in the crypto world without any prior interview scripts or outlines. This setting provided a multifaceted perspective from investors, builders, and entrepreneurs.

During the AMA, AscendEX founder George Cao posed a resonant question: "Over the past six years, what do you consider your best decision? If you could do it all over again, what would you choose differently?"

George shared that despite market fluctuations, the core team at AscendEX has remained true to its mission. He believes that the best decision was building a passionate and resilient team. He also noted that if he could choose again, he would focus more on the core business of the exchange, launching derivative trading products and Web3 wallets and DEXs earlier. He advised investors to stay cautious and focused while keeping an eye on trends.

Charles, representing SunPump, emphasized the importance of asset security, reflecting on the high risks and returns associated with Memecoins, as well as his own experiences with losses during the FTX incident. Prof. Gu from Certik affirmed his brave decision to tackle the crypto security sector, reiterating the significance of security products. He also discussed the importance of building deeper connections with the community and introduced Certik's free security assessment tool, Tokenscan, designed to help users make more informed investment decisions.

Frankie from CGV expressed regret about not being deeply involved in the Memecoin sector during this market cycle. He indicated that moving forward, CGV would continue to focus on financial services and blockchain infrastructure while allocating more resources to emerging sectors.

In subsequent discussions, Tomas from Amber Group spoke about the interrelationship between price and trading volume, while Vito from Metaera shared insights on leveraging wealth creation effects to amplify traffic dissemination. Regarding future trends, Frankie highlighted their interest in user-centric products, such as recent developments in "account abstraction" technology, which has the potential to significantly enhance asset security and unlock greater developmental opportunities. This viewpoint received unanimous agreement from the participants. The guests shared thought-provoking insights from both professional and personal investment experiences, providing new market entrants with valuable perspectives.

Reflecting on the journey, it becomes evident that continuously accumulating capabilities to drive product innovation and creating solutions that resonate with users' needs are the core drivers for the platform's orderly growth.

Founded as BitMax, AscendEX has rapidly risen to become a leading player in the global crypto asset trading industry, backed by a strong team from Wall Street's quantitative finance sector. Since its inception in 2018, AscendEX has adhered to the principles of innovation and customer-centricity, continuously refining its products and services. The platform offers a diverse range of trading products, including spot, leverage, and futures, as well as services like staking and decentralized trading. AscendEX launched the industry's first crossl-margin leverage model and established a blockchain technology investment incubator, aiming to enhance financial services and help users realize asset appreciation. It strives to provide cutting-edge crypto trading solutions, breaking down barriers between traditional finance and the digital currency realm to offer users an advanced trading experience.

In 2019, AscendEX introduced its first multi-chain asset management tool, enhancing asset management services. In 2020, AscendEX delved into the field of DeFi, launching liquidity mining and staking services, significantly boosting user investment returns and enhancing the platform's product capabilities. In 2021, with the onset of a new bull market, AscendEX completed a $50 million Series B funding round, receiving support from prominent investors such as Matrix Partners China, Danhua Capital, BITMAIN, Jump, Polychain, and Hack VC. This funding has fueled AscendEX's international expansion and team development, leading to a comprehensive upgrade of its brand and products. By 2023, AscendEX's daily trading volume soared to $4 billion, establishing itself as a trusted platform among users and partners.

From its humble beginnings to accumulating a wealth of successful product experiences, AscendEX now serves over 150 countries and regions, with global registrations exceeding ten million. The platform has consistently upheld its core values of "efficiency, transparency, and stability," striving for innovation and global expansion while ensuring security and compliance. AscendEX offers robust and efficient trading services for both institutional and individual users, supported by collaborations with renowned market makers and technical teams, which have established an effective trading system and provided solid security for users' funds.

Throughout its six-year journey, the core team's passion and commitment to the crypto industry have consistently guided AscendEX in achieving breakthroughs. The industry's first tiered fee structure and DeFi staking products provide users with diverse investment choices and have been well received in the market. Today, AscendEX boasts over ten million registered users and daily trading volumes exceeding $8 billion. All of these achievements are rooted in the trust and support of its users.

In this celebratory moment, founder George Cao emphasized that security and innovation are the cornerstones of the platform's sustainable development. The crypto industry is constantly evolving, and AscendEX is committed to prioritizing user experience, working diligently to provide superior services. In its future exploration and development plans, AscendEX aims to maintain close connections with users, jointly promoting the healthy advancement of the platform and the crypto industry.

In 2023, as the influence of social media continues to grow, Memecoins have emerged as a popular choice among crypto assets. The rapid growth of the Memecoin sector has significantly diversified the crypto market, attracting many investors with the potential for short-term returns due to its price volatility and community-driven nature. AscendEX has proactively entered the emerging Memecoin space, creating a flexible and efficient trading environment for users and offering new investors the latest and fastest trading opportunities. AscendEX has always upheld an open product philosophy, actively embracing industry changes. From the Bitcoin craze to the waves of DeFi, NFTs, and Memecoins, AscendEX has kept pace with industry trends, providing a variety of trading products to meet different investors' needs and continuously expanding its product layout to enhance its competitive edge.

In September, AscendEX showcased its leadership in the Memecoin sector at the TOKEN2049 conference, planning to foster the application and development of blockchain technology through close collaboration with global communities. George Cao stated, "Over the past six years, AscendEX has continuously evolved, always placing users' needs at its core. Moving forward, we will continue to drive platform innovation, respond to market demands, and focus on expanding into emerging sectors to create greater value for users."

As discussed during the AMA, products that resonate with users hold great potential. In the next six years, AscendEX will remain dedicated to providing users with transparent and efficient blockchain asset trading experiences. Through a diverse product layout, it aims to create a comprehensive ecosystem, exploring more possibilities for the integration of traditional and crypto finance, and building a safer and more vibrant crypto financial ecosystem.