AscendEX shut down
AscendEX said it ceased operations effective 1 July 2026, citing missing EU MiCA authorization plus financial and operational pressure after a failed liquidity deal; automated withdrawals were paused on 6 July 2026 with manual review only and no assurance of full payouts.
Founded 2018
January 1, 2018
The exchange began as BitMax before later rebranding to AscendEX.
July 1, 2026
AscendEX said normal exchange services ended effective 1 July 2026 amid MiCA and liquidity pressures.
July 6, 2026
Automated withdrawals paused; the firm warned some requests may not be processed while exploring insolvency options.
AscendEX (formerly BitMax) was a centralized cryptocurrency exchange offering spot, derivatives, staking and lending. Founded in 2018, it grew into a mid-tier global venue before citing regulatory and liquidity pressures in its 2026 wind-down.
No. AscendEX stopped hiring in July 1, 2026.
AscendEX said it ceased operations effective 1 July 2026, citing missing EU MiCA authorization plus financial and operational pressure after a failed liquidity deal; automated withdrawals were paused on 6 July 2026 with manual review only and no assurance of full payouts.
No. Browse other crypto companies on SailOnchain.
AscendEX was founded in 2018.