AAX: Up to 30% of the exchange’s trading volume comes from Russian-speaking traders

In early April, ForkLog hosted an AMA session with AAX’s regional representative, Anton Gulyn. He discussed the exchange’s trading engine, the growth of the Russian-speaking user base, and plans to promote AAX in the CIS markets.

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According to Gulyn, around 80,000 Russian-speaking traders are registered on AAX. They account for 20% to 30% of the exchange’s trading volume.

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In January 2021 the crypto exchange recorded a record influx of users from the CIS: registrations and deposits increased by 310% compared with December 2020.

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In March 2021, AAX announced a collaboration with the AdvCash service, which supports the Russian ruble and the Ukrainian hryvnia. You can buy cryptocurrency through AdvCash in the \”Fast Purchase\” section or in the exchange’s app.

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AAX supports spot, futures, and OTC trading. The platform runs on the Millennium Exchange engine from the London Stock Exchange.

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\”The key advantages of Millennium Exchange are adaptability, security, and scalability. The trading core can be configured to trade any products on any market, while delivering the best performance parameters in the crypto market. The average order processing speed is 800 microseconds,\” notes the regional representative Anton Gulyn.

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Back in February 2021, AAX appointed Anton Gulyn as regional representative for Russia and the CIS. Previously, he advised corporations and investment funds on blockchain integration.

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