XT.com (stylized as XT.COM) is a centralized cryptocurrency exchange (CEX). Founded in 2018, it’s sometimes described as the world’s first social-infused exchange. Customers can access the XT.com spot and derivatives markets, ETF and margin trading, as well as other features like staking, crypto purchases, and an NFT marketplace.
Markets
The XT.com spot market supports crypto-crypto trading for individual and institutional users. Crypto-fiat trading is not enabled. However, some of the listed XT.com trading pairs use stablecoins.
One of the unique features offered by the XT.com crypto exchange is social-infused Group Trading. It promotes P2P trading and user interactions. Additionally, this provides an extensive social networking infrastructure within the XT ecosystem.
Margin trading is available, providing up to 20x leverage. Additionally, traders that deal with large-scale transactions can participate in over-the-counter (OTC) trading. The trading catalog contains over 500 digital assets. There are over 800 XT.com trading pairs listed.
Like many cryptocurrency exchanges, XT.com has its native token, XT. Token holders are eligible for discounted fee rates and other benefits. The XT.com crypto price value of the held tokens determines the discount level.
The XT.com crypto fees use a multi-tier VIP structure and the maker-taker model. There are 13 tiers, going from VIP 0 to VIP 12. Each level must meet one of the two criteria: the 24-hour average XT holdings and the 30-day XT.com trade volume. The volume data is shown in USDT.
At VIP 0, the requirements are a volume of up to 5,000 USDT or up to 50 XT. The maker/taker fees are 0.20%. Starting with Level 1, the required XT.com volume is 5,000–10,000 USDT or holdings of up to 150 XT. Customers must pay maker/taker fees of 0.18%.
Throughout all VIP levels, the maker/taker rate of the XT.com exchange fees remains equal. At VIP level 12, the 30-day trading volume must exceed 30 million USDT, or the trader must hold over 1 million XT. The maker/taker fee is 0.020%.
The derivatives markets on the XT.com crypto exchange offer several types of futures and EFT contracts. There are three types of futures:
- USDT-M Futures
- COIN-M Futures
- Quanto Futures
There are no XT.com crypto fees on deposits. The withdrawal rate, as well as the minimum and maximum withdrawal amount, may vary based on the selected asset.
Other Services
Although the XT.com cryptocurrency exchange doesn’t facilitate crypto-fiat trading, customers can purchase digital assets using popular payment methods, such as debit and credit cards or direct bank wire. Payments can also be made using cryptocurrencies.
XT Savings is one of the investment services offered by the XT.com crypto exchange. There are two types of savings – Fixed and Flexible. Users can also participate in staking to show support for new blockchain projects. In return, they receive the native tokens of said projects.
Listing is a social feature that enables XT.com ecosystem users to list new tokens or vote on the listings made by others. There is a minimum required XT.com crypto price to cast votes which may vary between listings.
XT NFT is a marketplace for non-fungible tokens. It offers exclusive collections and mystery boxes. Users can mint, buy, sell, or trade their NFTs and hold them in their XT.com accounts. The platform supports NFTs built on XSC, BSC, Ethereum, and Polygon blockchains.
XTStarter is a social-driven launchpad for blockchain community projects. Users can participate in various events, such as initial coin offerings and airdrop campaigns. XT Labs is a developer space that provides tools to build Web3 solutions, as well as access to branding and marketing tools.
Other social features on the XT.com cryptocurrency exchange include the Referral program, which can grant up to 40% rebate, and KOL, a platform that provides news and updates on the XT project and its overall community.
About the Company
The XT.com cryptocurrency exchange was founded in 2018 by Weber Woo. The company is registered in Seychelles, with several operation centers in Japan, South Korea, and Singapore. Its current headquarters are in Dubai, UAE.
According to the company’s statistics, there are over 4 million registered users on the XT.com crypto exchange. The entire XT ecosystem consists of more than 30 million users.
Weber Woo is the CEO of XT.com. He became involved in the crypto world in 2013 and started actively mining in 2014. Before founding the exchange, he was a student at Shanghai Jiao Tong University.
