Atom Asset Exchange (AAX) was a cryptocurrency exchange that provided spot trading, perpetual contracts, and savings products for a range of digital assets, including Bitcoin, Ethereum, and others.
Founded in 2018 and based in Seychelles, AAX primarily operated in Hong Kong. The exchange was led by CEO Thor Chan, who resigned in May 2021.
In November 2022, just days after FTX filed for bankruptcy, AAX suspended all withdrawals on November 13 and removed its social media accounts. By December 16, the exchange’s website and app became inoperable. In the aftermath, thousands of AAX investors used Telegram to form messaging groups, collaborating to locate the company’s senior executives. On December 23, 2022, two individuals associated with the company were detained by Hong Kong police.
AAX offered crypto futures contracts, spot trading pairs, P2P fiat trading, savings products, and API connectivity, supporting Bitcoin and over 20 fiat currencies.