Today AAX, the world’s first crypto exchange powered by the London Stock Exchange Group’s LSEG Technology, released a strategy update to its community, outlining a forward-looking vision for driving the adoption of Bitcoin and the wider crypto market. The crypto exchange AAX also provides a full suite of financial products and services to everyone from NFT artists and entrepreneurs to savvy traders.
Accordingly, in February 2021, AAX announced that its Singapore affiliate entity had been granted an exemption under the Payment Services Act by the Monetary Authority of Singapore (MAS). This will allow AAX to provide crypto to crypto services to customers in the country, following an application for a Payment Services License, which is currently in process. According to the outline, AAX is also exploring opportunities to expand its operations to new regions, that includes the markets in Europe.
Furthermore, AAX is in the process of establishing operations in new markets, such as registering as an entity, setting up an office, and executing the platform’s hiring plan. Also, AAX mentioned the further updates will be shared with the community with more progress on this aspect soon. The aim of AAX is to support its growth strategy by tripling its global headcount over the course of 2022.
More so, AAX believed that the adoption of Bitcoin and other digital assets can help create opportunities and build fairer and more inclusive economies, according to this AAX prepared the growth strategy. Head of Research and Strategy at AAX, Ben Caselin, mentioned, “More than a technology or a new asset class, we see Bitcoin as a driver of change that proposes a different set of principles around ownership, agency, borderlessness and sound monetary policy”.
AAX is more passionate about educating a broad audience about digital assets, providing them to make informed choices about how to engage with the future of finance. In early November AAX demonstrated this commitment as a Diamond Sponsor of the Hong Kong FinTech Week. The crypto exchange AAX will continue to match its commitment to championing crypto adoption with a product set that provides everyone to access the market.
Hence more, during the first quarter of 2022, the exchange will partner with an auction house to sell the crypto gods NFTs showcased at Hong Kong FinTech Week. AAX crypto exchange is also in the plans to launch an NFT marketplace.