Asia Nexgen (ANX)
ANX (formerly known as Asia Nexgen) is a financial technology company founded in July 2013. It is legally registered and based in Hong Kong and it is the Hong Kong's largest bitcoin exchange.
According to Bitcoin Charts, ANX is the 6th largest bitcoin exchange in the world by volume and one of the first digital currency focused firms in Hong Kong to be granted a Money Services Operator (MSO) license by the Hong Kong Customs and Excise Department. ANX has partnered with global thought leaders and major industry leaders. The founding partners have financial markets, management consulting, banking technology and compliance backgrounds.
ANX promotes a healthy eco-system by providing value-added cryptocurrency exchange services to the public. The company lowers barriers to the cryptocurrency adoption by expanding ways for customers to obtain and access their cryptocurrencies.
Sub-brands
ANX offers two trading platforms and both offer 24-hour online exchange:
ANXBTC.com - a user-friendly Bitcoin exchange platform for general Bitcoin trading.
ANXPRO.com - a cryptocurrency exchange platform for experienced traders.
History
Billed as the biggest bitcoin giveaway to date, in January 2014, ANX distributed $64,000 worth of bitcoin vouchers by tapping into Chinese cash-giving tradition. As Chinese markets increasingly embrace online transactions and e-commerce models, the tradition of giving cash gifts of "lucky money" is transformed to convenience as more and more lucky money recipients prefer to receive their money via electronic means.
In February 28, 2014, ANX launched the world's first Bitcoin physical retail store in Sai Ying Pun, Hong Kong. It has become a Bitcoin exchange that operates both online and brick and mortar trading platforms. For the first time, buyers can simply walk into the store, pay cash and send bitcoins to their virtual wallets, instead of buying with credit cards on online exchanges.
In March 13, 2014, ANX announced the launch of its first Bitcoin ATMs, which was the first Bitcoin ATMs in Hong Kong. The machine accepts deposit of Hong Kong dollars to exchange Bitcoins.
In April 2014, ANX launched mobile app ANX Vault on Apple App Store and Google Play Store. The app features high security encryption, one-time passwords, and send privilege controls. It relies on industrial strength security standards provided by the ANX platform including optical three-factor authentication. The app supports major fiat currencies and cryptocurrencies. All customers funds are held in the cold storage for protection against hackers. ANX also works with an industry leading service provider of DDos protection. The multi-firewall protection is also implemented into their services. All servers are hosted in the Tier 3 compliant data center.
In July 2014, ANX introduced one of the first Bitcoin debit card that can be used worldwide at any merchant that accepts debit cards and at regular ATMs to withdraw cash. The ANX card is a Bitcoin only card yet it spports 10 fiat currencies. One of the largest problems that Bitcoin has is that Bitcoin is not widely accepted; users want to use it have to exchange for fiat currencies. ANX has basically eliminated the problem with its Bitcoin debit card that allows users to use Bitcoins within the traditional credit card payment system. Users can reload funds to the debit cards using Bitcoin. The card can be used for both online and Point of Sale purchases as well as withdrawals through the Global AT&T Network, in other words, they can easily spend their bitcoins at many locations that take traditional debit cards.
In November 2014, Hong Kong-based exchange ANX has expanded its global presence with the acquisition of Norwegian exchange Justcoin, expanding its presence in the European Bitcoin Market. Justcoin was moving to run on ANX infrastructure as well as incorporating features available on ANX and customers of Justcoin can trade Ripple and Stellar using the ANX order book powered by ANX's latest technology. ANX said that it was able to migrate the Justcoin platform in "less than a week" with the ANX proprietary trading engine and white-label capabilities.
In December 2014, the Payment Processing specialist Vogogo signed an agreement with ANXPRO and The Rock Trading Company of Malta, a Maltese-based exchanges. Rock Trading and ANXPRO will be integrated with Vogogo's payment processing and risk management platform enable each to offer users of their respective platform's seamless transactions between Bitcoin and fiat currencies in the US, Canada and the European Union. The ability to do transactions with traditional banks has been a major hurdle for companies of crypto-currencies to date and is seen by critical to the widespread adoption and proliferation of virtual currencies. With Vogogo providing sophisticated risk management and compliance, exchanges like these have the freedom to focus on its technology and building its respective business.
In January 2015, ANX added “Black Gold” Coin, which was launched by National Aten Coin. Clients in National Aten Coin (NAC) will have instant access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options and risk management and trading tools.
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