AscendEX, a crypto exchange, completed a US$50 million Series B financing led by Polychain Capital and Hack VC »CryptoNinjas
AscendEX, one Cryptocurrency trading platform, Has announced the completion of a US$50 million Series B financing led by Polychain Capital and Hack VC. Jump Capital and Alameda Research, as well as Uncorrelated Ventures, Eterna Capital, Acheron Trading, Nothing Research and Palm Drive Capital, have joined the investment. Imperii Partners acted as financial advisor to AscendEX to support the Series B financing process.
AscendEX was launched under the name “BitMax” in July 2018, providing exchange, custody and mortgage services. In addition, AscendEX has positioned itself as an infrastructure partner for blockchain companies in the decentralized finance (DeFi) field, and operates as a validator and yield agricultural portal.
“AscendEX plans to use Series B funds to accelerate its entry into the international market and catalyze further product innovations, especially focusing on blockchain-based revenue generation agreements. Build a bridge to the DeFi ecosystem and allow AscendEX to interact with other cryptocurrency exchanges. Separate and make the platform a popular destination for innovative DeFi projects for initial exchange offerings (IEO).”
-Shane Molidor, Head of Global Business Development, AscendEX