Dear AscendEX Users, Community Members, Partners, and Supporters:

2021 has been another year of accelerated growth for all of us at AscendEX! The year began with a major milestone -- AscendEX’s native token ASD (previously BTMX) ranked as one of the “top 100” cryptocurrencies, which was a remarkable testament to our growth and the contributions from market participants, global users, and the greater blockchain industry. Throughout the year, the AscendEX team has accelerated our tradition of continuous product innovation and client-first strategies by further enhancing our platform’s core functionalities, expanding our global communities, and driving brand awareness. As the market matures with broader adoption underway, AscendEX continues to rise through consistency and excellence in performance and delivery in the ever-evolving digital asset industry.

As we celebrate AscendEX’s momentous third anniversary and the onset of the new year, we would like to share some of the firm’s recent milestones and achievements with you all.

March

• Strategic rebranding to AcendEX as the demonstration of the company’s relentless focus on providing users with maximum utility and returns by leading the expansion of the digital asset industry at the nexus of CEX and DEX
• Introduction of an innovative Multi-Asset Collateral Mechanism, allowing users to utilize assets other than USDT as collateral for trading perpetual futures contracts

June

• Roll-out of new sub-account feature, allowing individual and institutional users to create multi-dimensional account structures and handle multiple asset management channels for more efficient trading strategy deployment
• Launch of the Reward Center to streamline the process of reward distribution

July

• Introduction of customer service AI bots and online customer service function for seamless and expedited information-request support for users on the platform
• Launch of Curve (Polygon)-USDC decentralized trading pool mining product
• Expansion of project-specific staking programs to include major coins from BTC & ETH to USDT along with DeFi Yield Farming programs to include USDT, USDC, and USDX with industry competitive return

August

• Major upgrade of the professional trading interfaces to support asset transfer between cash, margin, and futures accounts, as well as One-click-order-placing & Order-placing-by-amount and other user-friendly features

September

• Expansion of collateral-eligible assets to include staked assets for futures trading, allowing users to better utilize their balance sheet for optimized returns from futures or margin trading while still earning staking income

October

• Launched the KAVA/USDX liquidity mining product, adding a new member to the mining ecosystem and strengthening our industry-leading offering of DeFi products

November

• Successfully completed a $50 million Series B fundraising round led by Polychain Capital and Hack VC, with participation from seven leading venture capital firms, including Jump Capital and Alameda Research
• Launch of “Convert” function for PC & APP clients, enabling users to execute zero-fee swaps for over 45 asset pairs at market price, including BTC, ETH, ATOM, TRX, and more

Over the last three years, AscendEX has emerged as an industry leader, with a tradition of cutting-edge product innovation, a bold commitment to premier quality listings, top-tier industry research, and a key strategic partner to blue-chip projects across the blockchain ecosystem. Our growth and accomplishments to date are inseparable from our community’s endless support.

As we progress into the new year, our team will continue its upward trajectory with the latest product development, community growth, and crypto innovation, not only for AscendEX, but for the crypto industry at large.

Thank you sincerely for your boundless support since the 2018 launch. We wish you and your loved ones a happy and healthy new year.

CEO George Cao, COO Ariel Ling, and the Entire AscendEX team 
November 30, 2021