Is AscendEX Exchange legit?

Could you please clarify for me, is AscendEX Exchange a legitimate and trustworthy platform for trading cryptocurrencies? Are there any red flags or concerns that potential users should be aware of before opening an account and depositing funds? It's important to ensure that our investments are protected and that we're working with a reputable exchange that adheres to industry standards and regulations. Thank you for your time and assistance in helping me understand this matter better.