AAX exchange 2025 review: Newbie-friendly Crypto Assets trading platform

#AAX# #監管# #交易所# Currently, the choice of cryptocurrency exchange has become particularly important. After experiencing the fallout from AAX's closure, investors are naturally more concerned about the evaluation of AAX exchange, security, registration process, user tutorials, and other issues. This article will explore these key points and compare the fees of AAX exchange to help you make the most informed investment decision among many options. Learn how to identify the true value of a platform to ensure your asset security and take full advantage of opportunities in the market.

It is important to note that the AAX exchange officially closed in November 2022. It was one of the largest Crypto Assets trading platforms in Hong Kong, with over 2 million users. After claiming to undergo maintenance and updates, the platform permanently ceased operations, resulting in significant losses. This event serves as a reminder for investors to prioritize the security and regulatory compliance of the platform when choosing a Crypto Assets trading platform.

Before AAX closed down, the platform attracted novice investors with its user-friendly interface and innovative features. AAX's technical collaboration with the London Stock Exchange brought good transaction execution speeds, and the web and mobile interfaces were designed to be simple and smooth. Novice investors could easily purchase coins through third-party payment methods, which at the time was the main selling point of the crypto assets trading platform. However, these superficial advantages did not protect user asset security.

The cryptocurrency market has evolved with more reliable alternatives that provide stronger security guarantees and regulatory support. Investors should focus on choosing exchanges that have undergone rigorous scrutiny, possess sufficient capital reserves, and exhibit high transparency, rather than blindly pursuing interface design or functional innovation.

AAX claimed to have implemented multiple security measures before its closure. However, the final facts proved that these commitments were not effectively executed. The so-called asset protection measures of the platform failed to withstand the test, ultimately leading to users' funds being unable to be withdrawn, resulting in significant economic losses.

The historical collapse of the AAX exchange exposed the systemic risks in the Crypto Assets industry. The platform was forced to halt withdrawal services due to counterparty risk exposure during the 2022 FTX bankruptcy crisis. According to reports, the platform's main responsible person fled with a large sum of money after announcing “upgrade maintenance,” leaving over 300 victims behind. The police later arrested two senior executives from Hong Kong on suspicion of fraud.

This historical lesson warns investors that exchanges with high transparency in fee structures and robust security measures should possess the following characteristics: adequate cold wallet offline storage, complete asset reserve proof, independent third-party security audits, and a sound risk reserve system. Choosing platforms recognized by regulatory authorities can significantly reduce the risk of asset misappropriation.

Before its closure, AAX offered a variety of product lines including spot trading and contract trading. The platform promised to simplify the trading process, allowing novice investors to easily buy and sell. However, the richness of products and user-friendliness cannot replace the importance of security.

When choosing a current crypto assets trading platform, novice investors should recognize that functionality must be built on a foundation of security. The mainstream exchanges today offer a variety of products, including spot trading, derivatives trading, and NFT trading, along with improved risk management mechanisms. According to market data statistics for 2025, the average monthly trading volume of internationally renowned exchanges has reached hundreds of billions of dollars, far exceeding the levels prior to the collapse of AAX.

Investors should choose platforms that offer a variety of products while maintaining high security standards, rather than being attracted solely by feature richness.

AAX once attempted to attract users from different regions through a global layout. The platform offers multilingual support and promises localized customer service. However, these globalization strategies ultimately failed to translate into real user protection.

The collapse of AAX indicates that having a global presence without substantial regulatory support and capital adequacy is extremely risky. In contrast, currently recognized cryptocurrency exchanges adopt a more cautious expansion strategy, prioritizing compliance with local regulatory requirements in various regions. Some exchanges have obtained formal financial regulatory licenses in places like Hong Kong and Singapore, and this regulatory recognition is crucial for protecting investors.

When evaluating a trading platform, investors should prioritize verifying its regulatory qualifications rather than simply focusing on geographical coverage. Self-custody of crypto assets is also an important strategy for diversifying risk; investors can use methods such as cold wallets to maintain control over their funds. Choosing to use multiple mainstream exchanges diversely, rather than concentrating all funds on a single platform, is a fundamental risk management principle in today's crypto asset investment.

This article discusses the evaluation of the AAX exchange in 2025, highlighting its former status as a beginner-friendly Crypto Assets platform. The article examines the platform's performance in terms of asset security, cost transparency, and product diversity, as well as the reasons for its collapse, analyzing the advantages of current mainstream exchanges like Gate in high security standards and regulation. Readers can learn about the safety measures, regulatory qualifications, and globalization strategies to consider when choosing a Crypto Assets exchange. This content is suitable for users with a need for investment security, providing a clear context for selecting a reliable exchange. The key themes of this article include: Crypto Assets exchange, AAX, collapse, safety, regulation, and investment.