What is AAX platform (meaning of AAX)
AAX is a leading global digital asset trading platform, according to the offici
AAX is a leading global digital asset trading platform, according to the official AAX website. It is also an investment company headquartered in Switzerland. Its products include various cryptocurrencies such as Bitcoin, Ethereum, as well as various decentralized applications. AAX is a blockchain trading and custody platform that provides comprehensive financial services and aims to address the challenges and reduce costs associated with traditional payment methods.
One of AAX’s main businesses is trade clearing and settlement. This service is operated by Aixoniq, a subsidiary of the London Stock Exchange Group (LSEG), and allows customers to use the AAX network for funding and foreign exchange transactions anywhere that accepts Visa or Mastercard.
Meaning of AAX
AAX is the abbreviation for AAX Exchange, which is also the core business of AEX Exchange. Users can obtain AAx coins (aXCoin) through trading on this platform. According to the official introduction, AAX is a decentralized financial services platform designed to provide seamless, secure, and efficient services to all types of users without relying on traditional banks or other intermediaries. Its products include cryptocurrencies, stablecoins, and digital assets.
In addition, AAX also allows customers to earn interest by depositing fiat currencies into the AAX system through smart contracts.
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