Exchange record
AscendEX
Global centralized cryptocurrency exchange launched under the BitMax name in July 2018 and later rebranded as AscendEX. The exchange ceased operations effective July 1, 2026 after citing its lack of MiCA authorization and broader regulatory, financial, and operational considerations; limited account access remains for wind-down and offboarding purposes.
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Key facts
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Summary
Global centralized cryptocurrency exchange launched under the BitMax name in July 2018 and later rebranded as AscendEX. The exchange ceased operations effective July 1, 2026 after citing its lack of MiCA authorization and broader regulatory, financial, and operational considerations; limited account access remains for wind-down and offboarding purposes.
Timeline
The centralized exchange later known as AscendEX launched under the BitMax name in July 2018.
AscendEX identified unauthorized transfers from hot-wallet infrastructure across several networks on December 11, 2021 and temporarily suspended deposits and withdrawals while rebuilding affected infrastructure.
AscendEX stated that it ceased operations effective July 1, 2026. New account opening, deposits, trading, swaps, staking, lending, referrals, promotions, and other crypto-asset services ended, leaving only limited wind-down and offboarding access subject to platform and legal constraints.