The MAX crypto exchange (stylized as MAX Exchange) is a Taiwanese platform for trading digital assets. Launched in 2018, it offers spot trading with digital and fiat currencies. Customers who possess the platform’s native asset MAX can join the yield program.
Users must comply with certain KYC regulations to access trading services. The MAX cryptocurrency exchange is restricted in some regions, including Japan, the USA, and the European Economic Area. Trading can be conducted on desktop and mobile devices.
Markets
The MAX Exchange spot market is the main service provided by the platform. Although margin trading is currently unavailable, the team has stated that it’s in the works and will be added to the platform in the future.
Like many crypto trading platforms, it has a native asset, the MAX Exchange Token (MAX). It’s a utility token that can be earned as a staking reward and used to lower transaction fees. You can learn more about the MAX Exchange crypto price and market performance here.
Crypto-crypto and crypto-TWD trading is supported. The Taiwanese dollar is the only fiat currency available on the platform. Stablecoins like Tether (USDT) are also available. Overall, there are over 50 MAX Exchange trading pairs and more than 30 assets listed. The exchange does not support every fork, and not all new assets may be listed.
The MAX Exchange crypto prices may differ compared to other trading platforms. This is due to the prices being determined by the local market in Taiwan. The trading prices are generally denominated in TWD, BTC, and USDT, based on the selected trading pair.
MAX Exchange fees are calculated using a multi-tier, maker-taker model. By default, the maker-taker fees are 0.05% and 0.150%, respectively. However, the maker fee can be reduced to 0.045% by applying the Promote discount.
MAX token holders may be eligible to join the VIP program to pay a reduced fee rate. There are 9 VIP tiers in total. The VIP level is determined by two criteria – the amount of staked MAX tokens and the 30-day MAX Exchange trade volume. The volume values are denominated in TWD.
The minimum required staked MAX Token amount to qualify for VIP 1 is 500 MAX, while the minimum volume requirement is 3 million TWD. To reach VIP 9, users require at least 15,000 staked MAX or a 30-day MAX Exchange volume of at least 2 billion TWD.
VIP 1 maker fees are 0.045%, and the taker fees are 0.135%. In the VIP 8 and VIP 9 tiers, makers are not required to pay any MAX Exchange crypto fees, while the taker rate is reduced to 0.05%. With the Promotion discount, the maker rate is reduced to zero at VIP 3, and starting at VIP 5, a maker’s rebate of up to 0.008% applies.
The MAX crypto exchange supports TWD deposits and withdrawals issued via local Taiwanese banking services. All deposits on the platform are free. Withdrawal costs on the platform may vary based on the selected cryptocurrency.
Other Services
In addition to the market, deposit, and withdrawals, the MAX cryptocurrency exchange offers other financial and technical services.
Users can stake MAX tokens to generate passive income. Rewards are taken from a portion of the transaction fees. Additionally, the earned MAX Exchange crypto price value increases over time using the Ageing Boost mechanic. The longer the tokens are locked for staking, the higher their staking power. Unstaking assets resets the ageing process.
Yield is a flexible program to earn on idle assets. The annual percentage rate may vary based on the selected asset. Only assets in the MAX Exchange spot wallets can be yielded. Customers need at least a Level 1 KYC verification to access the Yield service.
Developers can access the MAX cryptocurrency exchange API documentation. The toolkit can be used to generate API tokens and access live market data such as the MAX Exchange volume and prices.
About the Company
MaiCoin Group, the company behind the MAX crypto exchange, was founded in 2013. It’s one of the oldest digital currency firms in Taiwan. Other services under the MaiCoin Group umbrella include the MaiCoin trading platform, the MaiCapital Hedge Fund, and the Qubic NFT Technology Integration Service. The headquarters are in Taipei, Taiwan.
The exchange was launched in February 2018. It was revealed upon its release that all assets are entrusted to a third-party bank trust custodian to ensure reinforced security. The MAX token was released soon after the MAX crypto exchange went live.
In March 2022, MaiCoin announced plans to potentially sell its shares on Nasdaq in the following two years. At the time, it was alleged that the company was valued at around $400 million, and the daily MAX Exchange trade volume was estimated at over $20 million.
Alex Liu is the CEO of the MaiCoin Group and the MAX Exchange. Before founding the company, he worked in internationally renowned corporations like Samsung, Siemens, and Qualcomm. In 2016, Liu founded the full-stack technology provider Amis.
