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
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Bmxdm Technology Pte. Ltd.
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Annual Revenue
$19.38 M (USD)-52as on Dec 31, 2020
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Net Profit
$2.64 M (USD)208as on Dec 31, 2020
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EBITDA
Not available
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Total Equity Funding
$63 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Series B
Nov 03, 2021
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Investors
Polychain
& 8 more
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Employee Count
Not available
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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.
People of AscendEX
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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.
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 |
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Web3 venture capital firm partnering on blockchain projects.
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Venture capital and funds of fund firm focused on multiple sectors
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Venture capital is directed toward infrastructure software companies.
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Investor details for AscendEX
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by AscendEX
Investment portfolio details for AscendEX
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Financial Statements - AscendEX
Detailed financials for AscendEX
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Ascendex Comparisons
Peer comparison for AscendEX
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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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 year | HQ Location | Description |
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Digital assets are bought, sold, and traded on Coinsquare.
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Cryptocurrencies are bought, sold, and traded via this exchange platform.
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Provider of an app-based trading and exchange platform for cryptocurrency
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Cryptocurrencies are traded and exchanged through an online platform.
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Cryptocurrency trading, storage, and exchange services are offered online.
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Online robo advisory and stock trading services are provided.
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Detailed competitors of AscendEX
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Ascendex
Complete news archive for AscendEX
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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.
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.