EDUCATION

What is the Metaverse

The Metaverse has been a dream of developers, tech gurus, and sci-fi fans for years. It was first imagined by Neal Stephenson in his 1992 novel Snow Crash. As VR evolved in its ability to make this concept real, the idea of the Metaverse grew as well. Suddenly, we are very close to making it a reality. Facebook’s Oculus and other VR developers envision a world where people can socialize, buy and sell digital assets (virtual land maybe?), and live virtual lives in the Cyberpunk digital world that we have dreamed about for years.

EDUCATION

What is KYC and why is it important

Behind every great cryptocurrency exchange is an intricate, reliable “Know Your Customer” (KYC) process. KYC at AscendEX ensures you and your funds are protected, as well as allows you to move large sums of money efficiently. To this end, we follow strict finance industry standards to verify the identities of our users quickly and securely. Our compliance and reporting processes also allow us to sample specific trades, where needed, and provide you with the greatest possible protection against fraud and criminal activity.

EDUCATION

Liquidity: What you Need to know

Let’s take a look at one of the biggest determining factors behind a product’s price: liquidity. Greater liquidity means that the market is more flexible and adaptable. Asset prices tend to be stable when there is high liquidity, with low spreads and it is easier to find a buyer or seller. Therefore, the bid/offer spread will be smaller and present fewer impediments to executing a trade. A trader's position can be closed quickly, at a price close to his or her original entry point.