AscendEX, a virtual currency trading platform, has entered into a strategic collaboration with Conflux Network, a leading Layer 1 blockchain protocol. This alliance is positioned to strengthen both platforms by integrating advanced trading capabilities, decentralized application support, and cross-chain asset movement, all contributing to the broader expansion of decentralized finance (DeFi).
Combining Trading Infrastructure with Blockchain Innovation
AscendEX, known for offering a wide range of digital asset services, operates as a decentralized exchange providing spot and derivatives trading, staking services, leveraged trading options, and wallet solutions. The platform caters to a diverse user base with support for multiple protocols.
Conflux, in contrast, has carved out a niche in the blockchain ecosystem by combining proof-of-stake (PoS) and proof-of-work (PoW) consensus mechanisms. This hybrid structure allows it to maintain high processing speed, low gas fees, and strong network security. It has also earned recognition as China’s most regulatory-compliant public blockchain network.
At the heart of the collaboration lies a multi-pronged integration initiative. AscendEX is preparing to launch more Conflux-based tokens on its platform, expanding trading options that include advanced trading pairs linked to Conflux’s native token, CFX. Additionally, the platform is set to implement support for Conflux’s EVM (Ethereum Virtual Machine) compatibility, thereby enabling users to interact more effectively with decentralized applications (DApps) built on the Conflux blockchain.
This functionality will allow seamless wallet connectivity and simplify coin transfers between the exchange and the Conflux ecosystem. AscendEX is also planning to offer staking opportunities for CFX, allowing users to contribute to the security of the Conflux network while earning staking rewards.
Improving Cross-Chain Fluidity with ShutterFlow
Another key aspect of this collaboration is the adoption of Conflux’s ShutterFlow multi-cross bridge system. This tool is designed to enhance liquidity and enable smoother asset transfers between different blockchain networks. AscendEX aims to use this technology to boost its user experience, especially for those engaging in cross-chain transactions, by reducing complexity and latency in asset movements.
🚀 We’re excited to announce our partnership with @Conflux_Network
🌐 Conflux Network is a permissionless Layer 1 blockchain combining PoW and PoS consensus to deliver high throughput, low fees, and strong security. As China’s leading regulatory-compliant public chain, Conflux… pic.twitter.com/VZnbGwnPik
— AscendEX (@AscendEX_) June 18, 2025
A Strategic Link Between East and West in DeFi
The broader significance of the partnership lies in its potential to bridge digital economies across global regions. With Conflux being uniquely positioned as a blockchain compliant with Chinese regulations and AscendEX holding international reach, the collaboration is expected to connect DeFi users from Asia with those in other markets. This East-West synergy could play a pivotal role in promoting widespread adoption of Web3 technologies.
Conflux’s Tree-Graph consensus algorithm has been developed to tackle pressing blockchain issues such as scalability limitations and high gas fees. By aligning with a protocol that addresses these inefficiencies, AscendEX stands to offer its users a faster, more affordable trading experience—an essential component in scaling Web3 adoption.
Furthermore, integration with the Conflux ecosystem will grant AscendEX users access to a broader array of decentralized applications and DeFi protocols. This expansion of services and functionality is anticipated to benefit developers, traders, and liquidity providers, ultimately supporting a more diverse and vibrant DeFi environment.
Through this partnership, both firms aim to set the stage for a more connected and user-centric Web3 future, where decentralized finance becomes more efficient, accessible, and globally integrated.
