When was AscendEX founded?

AscendEX was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is AscendEX located?

AscendEX is headquartered in Singapore, Singapore.

Which legal entities is AscendEX associated with?

AscendEX is associated with BMXDM TECHNOLOGY PTE. LTD..

How many employees does AscendEX have?

As of Apr 30, 2026, the latest employee count at AscendEX is 114.

Is AscendEX a funded company?

AscendEX is a funded company, having raised a total of $63M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2018.

How much is AscendEX worth?

The latest valuation of AscendEX is $***** as of Nov 03, 2021.

When was the latest funding round of AscendEX?

AscendEX's latest funding was a $***** Series B round on Nov 03, 2021, with participation from 9 investors. Its primary sector is Cryptocurrencies. In Singapore, the Cryptocurrencies sector has seen $39.8M in funding in 2026 to date.

Where does AscendEX rank among its competitors?

AscendEX ranks 29th amongst 2043 active competitors, of which 212 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Kraken, which secured $34.2M in Feb, 2026.

Who are the top competitors of AscendEX?

AscendEX's top competitors include Coinbase, Kraken and N26. Among them, Kraken secured the most recent funding round in February, 2026.

AscendEX - 2026 Company Profile, Team, Funding, Competitors & Financials

AscendEX is a series B company based in Singapore (Singapore), founded in 2018 by Cao Jing, Ariel Ling and George Cao. 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 2043 active competitors, including 212 funded and 44 that have exited. Its top competitors include companies like Coinbase, Kraken 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

Series B, Nov 03, 2021, $*****

Post Money Valuation

$***** as on Nov 03, 2021

Investors

Polychain & 20 more

Ranked

29^th among 2043 active competitors

Employee Count

114 as on Apr 30, 2026

Investment & Acquisitions

nftperp & 15 more

Similar Companies

Coinbase & 4244 more

View AscendEX's full profile

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	-	-

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	9478351	Series B	9207596	7004452	6454253	8568776
2018	1981	Series A	1590	5600	9014	4321

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View details of AscendEX's funding rounds and investors

The founders of AscendEX are Cao Jing, Ariel Ling and George Cao. is the CEO of AscendEX.

Here are the details of AscendEX's key team members:

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
George Cao: Co-Founder of AscendEX and founder of 1 other company.
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
Cao Jing	Team	-	Current	7y 8m
Tan Tiam Teng	Independent board member	-	Current	3y 10m
xfsjjcq	Independent board member	-	Past	1y 6m
kupqoog	Independent board member	-	Past	7y 1m
quklvfj	Independent board member	-	Past	2y 1m
uv{g{vp	Independent board member	-	Past	5y 1m
d{gk{eh	Independent board member	-	Past	9y 4m
kayntzb	Independent board member	-	Past	3y 5m

View details of AscendEX's Founder profiles and Board Members

AscendEX's employee count trend

AscendEX has 114 employees as of Apr 26. Here is AscendEX's employee count trend over the years:

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Top competitors of AscendEX include Coinbase, Kraken and N26. Here is the list of Top 10 competitors of AscendEX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coinbase 2012, San Francisco (United States), Public	Online platform for crypto portfolio	$547M	IVP, DFJ Growth & 142 others	87/100
2nd	Kraken 2011, Cheyenne (United States), Series D	Operator of digital platforms for trading cryptocurrency stocks and futures	$867M	Citadel Securities, Jane Street & 120 others	86/100
3rd	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Tencent & 46 others	83/100
4th	Bitso 2014, Mexico City (Mexico), Series C	Online trading and exchange platform for cryptocurrency	$331M	Tiger Global Management, Kaszek & 35 others	82/100
5th	KuCoin 2017, Mahe (Seychelles), Series A	Cryptocurrency exchange and trading platform	$180M	Jump Crypto, Matrix & 11 others	82/100
6th	CoinList 2017, San Francisco (United States), Series A	App-based trading platform for cryptocurrency	$119M	Polychain, Accomplice & 36 others	81/100
7th	Wealthsimple 2014, Toronto (Canada), Series F	Provider of financial services including investing, trading, saving, and borrowing	$1.29B	Power financial, Meritech & 39 others	78/100
8th	SwissBorg 2016, Lausanne (Switzerland), Series A	B2B robo advisory and crypto wealth management solution	$27M	Swiss ICT Investor Club, London Real Ventures ... & 1 others	77/100
9th	bitFlyer 2014, Chiba (Japan), Acquired	Online trading platform for Bitcoin	$36.6M	Venture Laboratory Investment, Incubate Fund ... & 16 others	73/100
10th	Voyager 2017, New York City (United States), Public	App-based trading platform for cryptocurrency	-	EDBI, IFC Asset Management Company & 19 others	73/100
29th	AscendEX 2018, Singapore (Singapore), Series B	Online trading and exchange platform for cryptocurrencies	$63M	Hack VC, Eterna Capital & 19 others	63/100

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AscendEX has not made any acquisitions yet. AscendEX has made 16 investments.

Here is the list of latest three $investments:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 25, 2022	Investments	nftperp	2022	Lisbon (Portugal)
Jun 24, 2022	Investments	System 9	2017	Los Angeles (United States)
Jun 09, 2022	Investments	Orderly Network	2022	New York City (United States)