[Blockchain Today Reporter Park Yohan] AscendEX (formerly Bitmax), a digital asset trading platform, announced the listing of Xend tokens (XEND) as a USDT/XEND trading pair at 1pm (UTC) on the 2nd of last month.
Xend Finance is a DeFi platform for cooperatives and credit unions that provides various levels of interest by optimizing and aggregating different DeFi lending protocols to provide high and stable currency returns and token rewards to those with limited financial services. . The Zend Finance Protocol decentralizes the savings, lending, borrowing, and investment operations of credit unions and groups while providing multi-level interest returns to these members.
The platform is a unique project targeting non-crypto savvy and financially vulnerable users in many parts of the world. Zend Finance is now part of the Xend ecosystem with over 55,000 users. The ecosystem consists of Xend applications for sending and receiving money online or offline, and Geena, a business and analytics tool used by SMEs. Xend tokens are being used for rewards and governance, and the mainnet will be launched on Binance Smart Chain in the second quarter of 2021.
Zend Finance is also building an SDK for developers that can reduce the complexity of the blockchain and easily apply Web 2.0 and Web 3.0 applications to the DeFi protocol to attract existing users to the ecosystem. Zend will be a platform for other financial service providers. This allows users to grant users access to the value offered by DeFi, such as higher APY, and secure users on existing platforms that want to earn money on stable currencies. With Xend Finance, you can store, rent, and invest in different DeFi protocols anywhere in the world, including individuals, cooperatives and credit unions, and earn instant interest.
Meanwhile, AscendEx, originally founded in 2018 as BitMax.io, is the premier crypto and digital asset exchange for individual and corporate investors. The platform offers spot, futures and margin trading, and integrates key elements of the DeFi field to create a unique market structure for users. AscendEx is led by a team of Wall Street veterans who applied traditional market rigor to provide a safe and reliable experience for all participants and to provide a stable source of liquidity.
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