AEX to launch in Vietnam as crypto platform eyes Southeast Asia
AEX has turned its crypto exchange into a global commercial bank for digital assets, aggregating multiple financial business models such as trading, contracts, finance, loan, DeFi staking, and mining market.
AEX has plans to establish a presence in Vietnam, including setting up a new brand office center, recruiting more Vietnamese LOL, expanding brand influence, and providing quick connection channels for Vietnamese projects and OTC protection for users.
The goal is to provide financial derivatives services in line with local markets and Southeast Asia is a key region for the crypto exchange’s business strategy.
Shergina Asya, Chief Brand Officer, said: “Southeast Asia, where Vietnam is, is the key to AEX Global Ecosystem Layout. We will establish a 100 million dollar special support fund in Vietnam for the development of the Vietnamese blockchain ecosystem.”
The AEX spokesperson pointed to the Vietnam’s potential as its younger demographics sees a higher acceptance for the new crypto finance model.
Moreover, the Vietnamese crypto market is not as active as the mature market such as America and South Korea, while the presence of AEX will aid in the popularization of cryptocurrency and blockchain technology, with local users easily joining in globalize crypto investment.
Spot trading, DeFi staking, liquidity mining
AEX was founded in 2013 and offers exchange and asset storage services – “one of the few mainstream trading platforms to announce a 100% asset margin”.
The crypto exchange has addressed the growth of the market scale and the emergence of various cryptocurrency derivatives by completing its metamorphosis in the direction of a global commercial bank for digital assets, aggregating multiple financial business models such as trading, contracts, finance, loan, DeFi staking, and mining market.
AEX now supports the circulation of over 300 tokens such as BTC, ETH, and DOGE, and users can participate in business scenarios such as spot trading, DeFi staking, and liquidity mining. In addition, AEX can access over 20 fiat currencies such as EUR, SGD, HKD, INR, and IDR will be fully opened to enhance resident services.
AEX’s Strategic Multi-country Presence and differentiated services are designed to meet local regulatory requirements and enable users to “invest safely and grow steadily” in the crypto world.
The composition of AEX’s users is dominated by regions such as the United States, Thailand, Vietnam, Russia, Turkey, South Korea, Nigeria, and Indonesia.
AEX has recently integrated with Banxa and Xanpool payment platforms, adding 22 new fiat currency access channels. The move aims to provide a safer and smoother fiat currency exchange experience on AEX for users in Europe, Asia, North America and Oceania markets.
Banxa and Xanpool are third-party custodian platforms for fiat currency and digital assets serving institutional-level customers and qualified investors.