AAX Overview
AAX began in 2018 under the Atom Asset Exchange brand, licensed in Malta and backed by London Stock Exchange veterans. It blends spot, futures, margin, savings and token launches in one hub, aiming at serious retail and small institutional traders who want structured services without the chaos of DeFi.
What makes AAX unique
- Wide coverage: Spot markets with 150+ tokens, futures up to 100x leverage, margin tools, savings and launchpad drops.
- Regulated base: Malta VFA compliance with global KYC/AML checks.
- Advanced access: Robust APIs and real-time data feeds for bots and algo traders.
Highlights & trade-offs
- Highlights: Solid liquidity on BTC/ETH, simple UI, competitive fees, staking or lock-up yields reaching 12% on some assets.
- Trade-offs: No public reserve attestations, occasional trust issues after 2022 peg slip, basic compared to DeFi farms.
User interface & experience
The platform integrates margin dashboards, spot pairs and savings accounts cleanly. Futures show real-time liquidation markers and funding costs. Spot books stay tight on majors. Launchpad events are easy to join, mixing lotteries and stake-based allocations.
Markets & liquidity
Liquidity is strong for BTC, ETH and top stablecoin pairs. Spreads are competitive and orders clear quickly. On minor pairs or fresh launches, depth drops. Futures run well for small to mid-size institutions, though massive block trades could slip.
Fees, deposits & withdrawals
Fees start at 0-0.10% for makers, 0.05-0.15% for takers. Maker rebates push liquidity. Deposits and withdrawals run purely in crypto with assets split across hot/cold wallets. Insurance is claimed, but exact policy details stay private.
Safety & trust signals
Registered under Malta’s VFA laws, uses cold storage, 2FA, encryption layers. No major breaches reported, but it skips live proof-of-reserves or Merkle audits. The 2022 stablecoin incident exposed some gaps, though it was resolved within hours.
Who should use AAX?
- Best for: Mid-level traders, yield chasers locking savings, speculators looking for launchpad allocations, algo traders leveraging APIs.
Less suited to institutions needing reserve attestations or beginners hoping for DeFi staking tools.
How to get started
- Register with KYC to unlock deposits.
- Fund the account with BTC, ETH or stablecoins.
- Trade spot, margin or futures up to 100x leverage.
- Join savings or stake for launchpad events.
- Withdraw anytime to personal wallets.
Final thoughts
AAX is a reliable mid-tier exchange with a broad feature set and solid liquidity on key pairs. Malta oversight and good tech roots give it professional appeal. But lacking proof-of-reserves or deeper institutional assurances, it fits traders content with regulated central custody over transparent DeFi-like guarantees.