Participate to Take Advantage of Favorable Fee Structures
AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to launch the Hummingbot Rebate Campaign to reward users for trading on AscendEX using the Hummingbot Liquidity Mining Portal. The campaign will begin July 9, 2021, and run for 60 days.
During the campaign, new and existing Hummingbot users on AscendEX will be able to take advantage of a favorable VIP fee structure available to traders with any level of trade volume while using Hummingbot. The campaign is set up to offer a 0 bps Maker and 5bps Taker fee for all Hummingbot users on AscendEX.
As part of the campaign, users who maintain high enough trading volumes will continue to retain access to VIP fee levels after the end of the campaign. For new users, rebate rates will go into effect 48 hours after users sign up by using Hummingbot’s affiliate link. For existing users, rebate rates will go into effect 48 hours after the start of the campaign.
AscendEX’s Global Head of Business Development, Shane Molidor said, “We are excited to collaborate more closely with our professional traders and market makers by offering zero-fee trading to all Hummingbot users. We understand their business models very well and are thrilled to promote their success,” Molidor continued, “We believe this would support inclusivity for all participants – anyone willing to learn about Hummingbot can participate in the program, regardless of their current trading footprint. Previously, this has only been open to a select few institutions.”
Hummingbot’s CEO Michael Feng said, “Since Ascendex is one of the top exchanges where our token issuers need liquidity and where our users want to trade, we are thrilled to partner with them. Together, we can give everyone in the world access to professional-grade algo-trading and market-making on a top-tier venue.”
Hummingbot provides open-source market-making infrastructure and a one-of-a-kind open marketplace where individuals get paid to trade. Founded by Carlo Las Marias, Martin Kou, Michael Feng, and Yvonne Zhang in 2019, the team aims to promote an open, fair, and inclusive global financial system by providing tools and education for users.
Hummingbot’s one-of-a-kind “Market Making 101” academy enables virtually anyone to learn to trade like a pro. AscendEX will be the third exchange to support Hummingbot liquidity mining on their platform.
To achieve maximum ROI, AscendEX users should participate in this rebate campaign while it lasts.
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 BTC, 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.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem, such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.
Hummingbot is an open-source crypto trading bot platform that enables decentralized market making. Founded by Carlo Las Marias, Martin Kou, Michael Feng, and Yvonne Zhang in 2019, and is headquartered in Mountain View, California.
Hummingbot is a community-driven open-source project that aims to democratize algorithmic trading by making sophisticated high-frequency trading strategies freely available to everyone in the world.
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