Polkadex to Release its PDEX Token on AscendEX

Tortola, British Virgin Islands, 3rd March, 2022,

The Polkadex token, PDEX, is now available for deposits and withdrawals on AscendEX. Trading in the PDEX/USDT pair is set to start today (March 3rd) at 2pm UTC. The AscendEX listing of PDEX will not only bring much-needed liquidity to the PDEX token, but it will also help centralized exchange PDEX holders migrate and stake their PDEX.

Both ERC-20 PDEX and native PDEX are available for deposits, while only native PDEX is available for withdrawals. This essentially means PDEX holders can now use AscendEX as a de facto ERC-20-to-native-PDEX migration tool.

In addition, AscendEX will also support PDEX staking, which will allow AscendEX’s PDEX holders to earn an interest on their PDEX. Staking support on AscendEX should go live in the next two weeks.

AscendEX joins KuCoin and Gate.io as Polkadex’s third centralized exchange partner, becoming the second exchange to support native PDEX trading (after Gate.io), and the first to support native PDEX staking.

“We’re excited to partner with AscendEX and incorporate PDEX into AscendEX’s broad product suite,” Gautham said. “We’re most excited to offer PDEX holders alternative ways to migrate and stake their PDEX.”

About AscendEX

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 200 blockchain projects such as bitcoin, 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.

About Polkadex

Polkadex is a fully decentralized peer-to-peer orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate. The main idea behind Polkadex is to create a platform that combines the benefits of centralized and decentralized exchanges into one cutting-edge solution. Polkadex caters to all crypto traders.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.