AscendEX - About the company
AscendEX is a series B company based in Singapore (Singapore), founded in 2018 by George Cao, Cao Jing and Ariel Ling. It operates as an Online trading and exchange platform for cryptocurrencies. AscendEX has raised $63M in funding from Polychain and Hack VC, with a current valuation of $*****. The company has 2058 active competitors, including 215 funded and 45 that have exited. Its top competitors include companies like Coinbase, Bitso and N26.
Company Details
Online trading and exchange platform for cryptocurrencies. It provides solutions such as cash and margin trading, futures and copy trading, staking and yield farming of digital assets, and more. It also enables users to purchase cryptocurrencies by making fiat payments. The application is available on Android and iOS platforms.
- Website
- ascendex.com/en
- Social
- Email ID
- *****@ascendex.com
Key Metrics
Founded Year
2018
Location
Singapore, Singapore
Stage
Series B
Total Funding
$63M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 03, 2021
Ranked
29th among 2058 active competitors
Employee Count
112 as on Jun 30, 2026
Legal entities associated with AscendEX
AscendEX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BMXDM TECHNOLOGY PTE. LTD. CIN: 201822565E , Singapore, Active | Jul 02, 2018 | - | - |
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AscendEX's funding and investors
AscendEX has raised a total funding of $63M over 2 rounds. Its first funding round was on 2018. Its latest funding round was a Series B round on Nov 03, 2021 for $*****. 9 investors participated in its latest round. AscendEX has 20 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of AscendEX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 03, 2021 | 1736196 | Series B | 9637223 | 1546628 | 2083811 | 1374060 |
2018 | 1003 | Series A | 5981 | 6067 | 9424 | 5698 |
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AscendEX's founders and board of directors
Founder? Claim ProfileHere are the details of AscendEX's key team members:
- George Cao: Co-Founder of AscendEX and founder of 1 other company. Contact Info: 1 email address
- Cao Jing: Former Co-Founder of AscendEX and founder of 1 other company.
- Ariel Ling: Former Co-Founder of AscendEX. Contact Info: 1 email address
- Shane Molidor: CEO of AscendEX.
AscendEX's Board of Directors
AscendEX's board has 2 active members. Cao Jing is part of team and Tan Tiam Teng is independent board member.Here is the list of AscendEX's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 9m | |
Independent board member | - | Current | 4y 0m | |
tntqejg | Independent board member | - | Past | 3y 3m |
fcwfmyd | Independent board member | - | Past | 1y 3m |
gcrnyma | Independent board member | - | Past | 7y 6m |
fkbrzau | Independent board member | - | Past | 5y 9m |
ypnreho | Independent board member | - | Past | 2y 9m |
tlxoamb | Independent board member | - | Past | 3y 8m |
View details of AscendEX's Founder profiles and Board Members
AscendEX's employee count trend
AscendEX has 112 employees as of Jun 26. Here is AscendEX's employee count trend over the years:
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AscendEX's Competitors and alternates
Top competitors of AscendEX include Coinbase, Bitso and N26. Here is the list of Top 10 competitors of AscendEX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Coinbase 2012, San Francisco (United States), Public | Online platform for crypto portfolio | $547M | 87/100 | |
2nd | Online trading and exchange platform for cryptocurrency | $331M | 83/100 | ||
3rd | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 82/100 | ||
4th |  KuCoin 2017, Mahe (Seychelles), Series A | Cryptocurrency exchange and trading platform | $180M | 82/100 | |
5th |  CoinList 2017, San Francisco (United States), Series A | App-based trading platform for cryptocurrency | $119M | 80/100 | |
6th | Wealthsimple 2014, Toronto (Canada), Series F | Provider of financial services including investing, trading, saving, and borrowing | $1.29B | 77/100 | |
7th |  SwissBorg 2016, Lausanne (Switzerland), Series A | B2B robo advisory and crypto wealth management solution | $27M | 77/100 | |
8th |  Sygnum 2017, Zurich (Switzerland), Series C | Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets | $218M | 75/100 | |
9th |  Voyager 2017, New York City (United States), Public | App-based trading platform for cryptocurrency | - | 73/100 | |
10th |  Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B | Online trading platform for cryptocurrency | $258M | 73/100 | |
29th | Online trading and exchange platform for cryptocurrencies | $63M | 73/100 |
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AscendEX's Investments and acquisitions
AscendEX has not made any acquisitions yet. AscendEX has made 17 investments.Here is the list of latest three $investments:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 19, 2026 | Investments | 2020 | Bengaluru (India) | |
Nov 25, 2022 | Investments | 2022 | Lisbon (Portugal) | |
Jun 24, 2022 | Investments | 2017 | Los Angeles (United States) |
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Reports related to AscendEX
Here is the latest report on AscendEX's sector:
News related to AscendEX
Filter this listMedia has covered AscendEX for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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AscendEX Faces Scrutiny Over Withdrawn Funds and Liquidity IssuesThe Crypto Times•Jun 26, 2026•AscendEX
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Uncorrelated Launches $315M New Fund for Crypto and Traditional Software InvestmentsNftgators•Jan 30, 2024•Uncorrelated Ventures, Cosmos, Compound, Helium and 8 others
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Storepay Token ($SPCFIN) Announces Official Listing on AscendExPR Newswire•Jan 19, 2023•Storepay, AscendEX
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System 9 Closes $5.7M Series A Funding RoundFinSMEs•Jun 25, 2022•System 9, Capital6 Eagle, Kronos, C2 Ventures and 3 others
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