AAX Exchange: Trade Cryptocurrencies Spot And Futures Efficiently On The Go!

By Casper Brown
July 18, 2020 Updated April 8, 2022

The cryptocurrency world is rapidly growing and with it comes a competitive backdrop of cryptocurrency payment service providers offering unique services to entice users to their platforms. Cryptocurrency exchanges are at the center of providing these services hence finding a good exchange could make your journey in crypto easier.

This article focuses on one of the uprising exchanges, AAX Exchange, aiming to give its users the best platform to deposit, withdraw, and trade a wide range of cryptocurrencies. We focus on AAX’s unique trading features, fees on the platform, and its world-class matching engine, which enhances user experience in futures, and spot trading. AAX also offers a wide range of fiat-to-crypto on and off ramps via its over-the-counter (OTC) platform and in partnership with specialized payment providers.

But first, let’s have a brief history of AAX Exchange and the role it aims to play in crypto assets trading.

History of AAX

Atomic Asset Exchange, or AAX in short, is a Hong Kong-based cryptocurrency exchange launched in 2019 after 19 months of testing and development. The exchange, registered in Malta, offers its retail and institutional clients an “institutional-grade” platform to trade cryptocurrency futures, spot prices, and OTC peer to peer trading.

LSEG Technology

The exchange became the first crypto exchange to utilize Millennium Exchange™, a battle-tested matching engine created by LSEG Technology, London Stock Exchange Group’s technology solutions provider.

” Millennium Exchange’s low latency, resilient, and the scalable matching engine provides market-leading performance and reliability.” – AAX becomes first crypto exchange to use LSEG Technology

AAX integrated the LSEG platform, which is used by several top global exchanges such as London Stock Exchange, Borsa Italiana, Johannesburg Stock Exchange, and Singapore Exchange, to offer a reliable and fast trading platform.

The AAB token

AAB is a native token to the AAX exchange offering internal system rewards including a 20% trading fee discount. A total of 50 million AAB tokens have been issued with 20% of these offered to the public. Similar to Binance BNB, the exchange burns the tokens to reduce their supply (although AAX does it daily).

The Exchange uses 100% of its futures revenue to purchase AAB from the market and burn the tokens, every single day. The Exchange will repeat this process until 50% of the total supply of AAB is burned.

AAX: OTC, Futures and Spot Trading

As mentioned above, traders can enjoy the wide spectrum of buying and selling top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Tron, XRP, and increasingly a number of specialized  utility tokens including Kyber, 0x, LINK, BAT, and more.

Trade on the go!

AAX exchange ensures trading convenience at any place or time through its world-class matching engine, Millennium Exchange, and is available on mobile phones on iOS and Android application stores. AAX also supports API systems, and in future will be able to offer FIX connectivity for institutional clients as well.

The security of the funds is top-notch with multi-layered security systems, robust custody, and fully audited systems. The exchange is also compliant with the Cryptocurrency Security Standard (CCSS).

To protect its markets from manipulation, keep its pools of liquidity clean, and ensure the platform is free from bad actors, AAX works together with Solidus Labs, Elliptic and Refinitiv for market surveillance, monitoring and global risk checks, respectively.

Fees, deposits and withdrawals

Trading fees

As is with any other crypto exchange, the trading fees are offered in tiered levels promoting high-frequency trading on the exchange. Spot trading fees range between 0.01% to 0.06% for the makers and 0.01% to 0.1% for taker’s fee.

The futures trading fee is fixed for both market makers and takers at a standard rate of 0.02%.

Withdrawals and deposits

There is no fee on any crypto or fiat deposits as well as in-platform transfers. The exchange, however, charges withdrawal fees which are very competitive compared to other top exchanges such as Binance. There is a minimum withdrawal limit for each crypto (0.001 for BTC and 0.02 for ETH) and the withdrawal fees also differ from asset to asset – 0.0004 BTC for bitcoin withdrawals and 0.003 ETH for ether withdrawals.

At launch, AAX exchange only accepted cryptocurrency deposits and withdrawals but recently partnered with EPay, Coinify, Mercuryo and others to enable deposits and withdrawals for more than 20 different fiat currencies.


Trading competitions

The exchange periodically runs deposit and trading competitions in a bid to reward their users’ commitment. From July 13, 2020, till August 7, the exchange will be running a promotion to reward the first 500 customers who deposit at least $200 daily with a 10 USDT reward.

The exchange is also offering users a chance to pool together to win up to 20 BTC in a shared prize pool. You can register here before July 24th.

AAX Tribe

AAX also offers an affiliate program, the AAX Tribe, which offers up to 40% in commissions and 10% in second level commissions.  There are six levels of the affiliate program Sage, Guru, Chief, Ruler, Conqueror, and Monarch.

The AAB Plus passive income initiative

The exchange launched its AAB token, similar to Binance’s BNB native token, which provides users with an opportunity to earn passive income. Through the AAB Plus initiative, users can hold their tokens in the AAX Vault promising an annualized rate of return of 4.50%. The rate is generated by the minute and users can withdraw the amount from the vault at any time with no fee. Also, AAB Plus works in such a way that if the price of AAB drops against USDT, the relative return will be greater. If, however, the value of AAB rises, users will be happy to know that the amount paid out will not be lowered.


The minimum deposit value to the AAX Vault is 100 AAB+.

Trading View

AAX also includes an integrated Trading View interface providing a wide range of charts, graphics, and instruments to carry out technical analysis on the exchange directly without switching.

On AAX’s Crypto Trading Dojo, which is found on AAX Academy, users can learn how to best use the AAX App, including all the charting tools. The Dojo furthermore teaches traders how to use technical indicators and analysis to perfect their trading.


As the cryptocurrency exchange industry heats up due to the increasing retailers coming to market, AAX is providing quality services challenging the status quo.

One of the best features of the platform is the user interface and experience. The exchange has employed an industry-leading platform that eases the switch between futures, OTC, spot, and direct buying accounts giving users a seamless feel to their trading.


  • What does AAX Exchange stand for?

AAX is short for Atomic Asset Exchange.

  • What services does AAX offer?

As mentioned above, AAX offers users a platform to trade futures and spot prices. The exchange also offers a peer-to-peer OTC trading desk.

  • Can I link my bank account to AAX?

Yes, it is possible to add a variety of payment methods, including bank, but also PayPal, AliPay and other methods, to your personal account. Through AAX’s OTC, users can then proceed to buy and sell crypto in exchange for USD, HKD, CNY.

  • Does AAX Exchange accept fiat deposits?

Yes. Currently, AAX exchange offers fiat-to-crypto on and off ramps supporting more than 20 local currencies.

  • What is the fiat deposit fees on AAX?

The bank account fiat transfers (Hong Kong and SEPA) are not charged a deposit fee but the E-currency deposit accrues a 5% deposit fee.

Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.