AscendEX and Conflux Collaborate to Boost Global DeFi Development
AscendEX, a virtual currency trading platform, has entered into a strategic partnership with Conflux Network, a leading Layer 1 blockchain protocol. This collaboration aims to enhance both platforms by integrating advanced trading features, decentralized application support, and cross-chain asset migration, all contributing to the broader expansion of decentralized finance (DeFi).
Furthermore, the platform will introduce support for Conflux’s EVM (Ethereum Virtual Machine) compatibility, enabling users to interact more effectively with decentralized applications (DApps) on the Conflux blockchain. This functionality will facilitate seamless wallet connectivity and streamline coin transfers between the exchange and the Conflux ecosystem. AscendEX also plans to offer staking opportunities for CFX, allowing users to participate in securing the Conflux network while earning staking rewards.
Enhancing Cross-Chain Interoperability with ShutterFlow
Another significant aspect of this collaboration is the adoption of Conflux’s ShutterFlow multi-cross bridge system. By partnering with a protocol that addresses these inefficiencies, AscendEX aims to provide its users with a faster, more cost-effective trading experience—a critical component in scaling Web3 adoption. Additionally, integration with the Conflux ecosystem will grant AscendEX users access to a broader range of decentralized applications and DeFi protocols.
