AAX, the institutional-grade trading platform designed for users of all experience levels, has reported a significant increase in its retail trading volume for 2021. According to the latest figures, the platform’s trading volumes shot through the roof during the fourth quarter of 2021, primarily due to a wave of new registrations experienced during the period.
Data published by Coingecko indicates that AAX’s retail trading volume during the final three months of 2021 shattered all previous records, achieving an average 24-hour trading volume of $1 billion. The data also highlighted that retail trading volume on the exchange grew by 140% on a sequential basis between Q3 and Q4, 2021.
On achieving this significant milestone, Ben Caselin, Head of Research and Strategy at AAX, notes, “Over the past year, as we saw Bitcoin adoption unfold and a growth explosion around NFTs and GameFi, AAX has been able to capture considerably more market share as a portal to and hub in this new investment arena. Going forward, as we expand globally, we intend to be a ‘listening platform’ that operates in the midst of society.”
Retail Frenzy Pushes AAX To New All-Time Highs
AAX (Atom Assets Exchange) is the world’s first crypto exchange powered by LSEG technology, the same technology that powers over 40 financial markets, including the London Stock Exchange, Singapore Exchange, HKEX, and the Johannesburg Stock Exchange, among others. The platform is also the first crypto exchange to join the London Stock Exchange Group's Partner Platform.
AAX’s impressive growth underscores the exchange’s growing reputation as the exchange destination of choice for a diverse range of traders and investors seeking to capitalize on the cryptocurrency boom. The platform is designed explicitly with retail traders in mind and doesn’t skimp on advanced trading features like deep liquidity and fast transactions paired with extremely low fees.
AAX’s active user base grew spectacularly in 2021, with the platform acquiring more than 200,000 new clients in Q4 alone. Additionally, the platform registered a 150% increase in its social media followers during the period, not to mention the surging traffic to AAX’s website visits, averaging over 2 million unique visitors per month for the final three months of the year. During the period, the most traded tokens on the platform included Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), Bitcoin (BTC), and Ethereum (ETH).
Moreover, AAX expanded its offerings by including popular tokens such as Animoca Brands in its trading pairs. At present, AAX offers more than 150 cryptocurrency pairs and over 130 coins that are tradeable via its intuitive and accessible investor-friendly platform.
Caselin concludes, “Whereas 2021 was all about institutional adoption, the market is set for a retail frenzy that will see crypto reach a new level of mainstream adoption with both Bitcoin and other major crypto assets set to reach new-all time highs this year. This is what AAX is preparing for.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.