AscendEX, a global digital asset trading platform with a comprehensive product suite, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™.
The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets.
Shane Molidor, Head of Business Development, AscendEX, said: “ ‘Liquidity’ can be simplified to patient market participants who are willing to purchase or sell an asset at a given price. When several firms join into a market and choose to provide liquidity, it helps catalyze a chain reaction. Liquidity encourages impatient market participation (people “taking” the other participants’ patient orders) which leads to more institutions willing to provide liquidity because it is profitable to do so. Why is this important? Fair and efficient prices lead to positive market perception, greater price discovery, and increased market participation (more capital). With this in mind, we are excited to share our experience in liquidity with the WorldBook movement, and look forward to contributing towards a universal standard of liquidity for crypto.”
Don Guo, CEO of Broctagon Fintech Group, commented on AscendEX’s participation on the WorldBook network, saying: “AscendEX offers a wide array of investment products, and has emerged as one of the most sought after partners in upcoming DeFi projects with respect to their current and all-time high ROI for initial exchange offerings. Their holistic understanding of market dynamics within the industry will allow them to share their experience on creating sustainable success with the participants of the WorldBook.”
AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
About NEXUS WorldBook
The NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard.
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