About AscendEX
AscendEX is a company based in Singapore (Singapore) founded in 2018 by George Cao, Gao Shang, and Cao Jing. AscendEX has raised $63 million across 2 funding rounds from investors including Polychain, Hack VC and Jump Capital. AscendEX offers products and services including AscendEX Trading Platform, Copy Trading Service, and Mobile App. AscendEX operates in a competitive market with competitors including Coinsquare, KuCoin, Kraken, Bitso and Coinbase, among others.
- Headquarter Singapore, Singapore
- Founders George Cao, Gao Shang, Cao Jing
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Website ascendex.com/en
- Social LinkedIn X Facebook
- Legal Name Bmxdm Technology Pte. Ltd.
- Annual Revenue$19.38 M (USD)-52as on Dec 31, 2020
- Net Profit$2.64 M (USD)208as on Dec 31, 2020
- Total Equity Funding$63M (USD)
in 2 rounds
- Latest Funding Round$50M (USD), Series B
Nov 2021
- InvestorsPolychain
& 8 more
Products & Services of AscendEX
AscendEX offers a comprehensive portfolio of products and services, including AscendEX Trading Platform, Copy Trading Service, and Mobile App.
Platform for buying, selling, and trading cryptocurrencies securely.
Feature to replicate trades from experienced investors automatically.
App for accessing cryptocurrency markets and performing transactions.
Funding Insights of AscendEX
AscendEX has successfully raised a total of $63M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $63M
- Total Rounds 2
- Last Round Series B — $50M
- First Round $13M
(Jan 2018)
- Investors Count 9
All 2 funding rounds of AscendEX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $455M | •••••••• |
Last known valuation $455M (Nov 2021). 9 investors in total: 9 institutional.
Investors in AscendEX
AscendEX has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Polychain, Hack VC and Jump Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Web3 venture capital firm partnering on blockchain projects. | – | hack.vc | - | |
Venture capital and funds of fund firm focused on multiple sectors | – | jumpcap.com | Chicago, United States | |
Venture capital is directed toward infrastructure software companies. | – | uncorrelated.com | San Francisco, United States | |
Early-stage investments in fintech, gaming, and enterprise software are targeted. | – | nothing-research.com | Shanghai, China | |
Web3 technology entrepreneurs are funded by Eterna Capital. | – | eternacapital.com | London, United Kingdom | |
Venture capital investment firm | – | palmdrive.vc | New York, United States | |
Investments in cryptocurrency and blockchain assets are managed by Polychain. | 2016 | polychain.capital | San Francisco, United States | |
Operates a digital hub for cryptocurrency trading and services. | 2017 | alameda-research.com | San Francisco, United States | |
Offers market making and execution services for crypto assets worldwide. | 2018 | acherontrading.com | Singapore, Singapore |
Investor details for AscendEX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of AscendEX
12 people are tracked at AscendEX (8 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
George Cao | Co-Founder | Leadership |
Gao Shang | Co-Founder & CEO | Leadership |
Cao Jing | Co-Founder | Leadership |
William R. | Head Of Client Success | Leadership |
Dr. Roy ware | CEO BITMAX | Leadership |
Hao-Kai Wu | Head of Product | Leadership |
玮玮 刘 | Director Of Security | Leadership |
John Hasbrouck | Head Of Content | Leadership |
Whitney Dang | HR and Administration | Team |
Carson Quirós | Content Design & UX Copy Lead | Team |
Jasmine M. | Business Development | Team |
MoNoico dot Com | Community Manager | Team |
Complete people profiles for AscendEX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of AscendEX
4 dated milestones of AscendEX across 3 years, from founding to its latest funding, stage changes and deals.
- Founded AscendEX is founded.
- Funding First funding round of $13.0M.
- Funding Latest funding round, Series B, of $50.0M.
- Milestone Reaches Minicorn status.
Competitors of AscendEX
AscendEX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coinsquare, KuCoin, Kraken, Bitso and Coinbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coinsquare.com | 2014 | Toronto, Canada | $124.67M | – | Digital assets are bought, sold, and traded on Coinsquare. | |
| kucoin.com | 2017 | Mahe, Seychelles | $180M | – | Cryptocurrencies are bought, sold, and traded via this exchange platform. | |
| kraken.com | 2011 | San Francisco, United States | $32.49M | 4 | Provider of an app-based trading and exchange platform for cryptocurrency | |
| bitso.com | 2014 | Mexico | $331.35M | – | Cryptocurrencies are traded and exchanged through an online platform. | |
| coinbase.com | 2012 | San Francisco, United States | $546.62M | 3,416 | Cryptocurrency trading, storage, and exchange services are offered online. | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| bitflyer.com | 2014 | Chiba, Japan | $36.61M | 15 | Bitcoin is bought, sold, and traded via an online platform. | |
| coinlist.co | 2017 | San Francisco, United States | $119.2M | 27 | App-based trading platform for cryptocurrency | |
| mercadobitcoin.com.br | 2013 | Sao Paulo, Brazil | $237.6M | – | Cryptocurrency assets are traded and exchanged online by users. |
Detailed competitors of AscendEX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of AscendEX
The website of AscendEX (ascendex.com) receives about 86.2K visits a month and ranks #355,363 among all websites worldwide, #3,701 in Investing.
- Monthly visits86.2K
▼ 14.7% vs previous month
- Unique visitors32.4K
per month
- Global rank#355,363
among all websites
- Category rank#3,701
Finance · Investing
- Bounce rate46%
- Pages per visit2.8
- Average visit1 min 06 sec
- DevicesDesktop 58% · Mobile 42%
Websites whose visitors overlap most with AscendEX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hibt.com | hibt.com | 100% | – | #3,954 | – |
| coinmarketcap.com | 97% | 74.2M | #1,083 | View details | |
| mexc.com | 97% | 19.4M | #1,366 | View details | |
| fameex.com | 97% | 834.3K | #365,430 | View details | |
| xt.com | 94% | 11M | #2,798 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for AscendEX
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 29 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Ascendex
Complete news archive for AscendEX
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to AscendEX
10 companies that operate in the same segment as AscendEX (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about AscendEX
AscendEX was founded in 2018.
AscendEX is headquartered in Singapore, Singapore.
Gao Shang is the current CEO of AscendEX. They have also founded this company.
AscendEX is a funded company, having raised a total of $63M across 2 funding rounds to date. The company's 1st funding round was a Series A of $13M, raised on Jan 2018.
Annual revenue of AscendEX is $19.38M as on Dec 31, 2020.
AscendEX was founded in 2018 in Singapore as an online platform for cryptocurrency trading and exchange. Services offered include cash and margin trading, futures, copy trading, staking, and yield farming for digital assets. Fiat payments are enabled for cryptocurrency purchases. The platform operates globally and is accessible through Android and iOS applications.
AscendEX offers AscendEX Trading Platform, Copy Trading Service, and Mobile App.
AscendEX has 9 investors. Key investors include Polychain, Hack VC, Jump Capital, Alameda Research, and Uncorrelated Ventures.
The valuation of AscendEX is $455M as of Nov 2021.
AscendEX operates through Bmxdm Technology Pte. Ltd..