XT

XT.com is a centralized cryptocurrency exchange that has grown since its 2018 founding into a platform serving over 12 million registered users across more than 200 countries. The exchange describes itself as "The World's First social infused exchange," a positioning that reflects its emphasis on community features, copy trading, and prediction markets alongside conventional spot and derivatives products.

Background and Structure

XT was founded in 2018 and is registered in the Seychelles. The exchange currently operates under CEO Albin Warin. Its original founders, Weber Woo and Ada Too, are no longer with the company.

The exchange has positioned itself as a broad-access platform: users who do not complete KYC verification can still withdraw up to $200,000 per day — an unusually high limit relative to industry peers. XT publishes Proof of Reserves reports to give users visibility into its custody practices.

Trading Products

XT's core offering spans multiple trading modes:

Spot and margin trading covers 948+ coins and over 1,099 trading pairs. Standard spot trading fees range from 0.10% to 0.20% for makers and takers, with lower rates available through fee tiers or by paying with the native XT token.

Perpetual futures are available with leverage up to 125x on select pairs and 25–50x on newer listings. Futures maker fees run approximately 0.02%, with taker fees around 0.05–0.06%. The exchange adds new futures contracts frequently — recent additions include contracts for SKHY, GEV, SNOW, and APP — making XT a venue where smaller-cap tokens reach derivatives markets quickly.

Copy trading and futures copy trading allow users to replicate the strategies of profitable traders automatically. Grid trading bots are also available for automated range strategies, giving users without active trading workflows a way to participate across market conditions.

Leveraged ETFs on XT are structured to carry no liquidation risk, differentiating them from standard margin positions.

P2P trading supports direct peer-to-peer transactions, and the platform includes fiat on-ramp options via credit card purchases.

Earn and lending products extend the offering beyond trading: staking, dual investments, and crypto-backed loans give users yield and leverage options tied to their existing holdings.

Launchpad surfaces early-stage token offerings. XPredict provides prediction markets — currently active around major sporting events, including the 2026 FIFA World Cup.

XT Smart Chain

Beyond the exchange, XT operates XT Smart Chain (XSC), its own Layer 2 blockchain infrastructure. XSC is fully EVM-compatible, enabling developers to deploy Ethereum-native contracts and tooling without modification. The chain targets 3,000+ transactions per second with sub-three-second confirmation times.

As of late 2024, XSC reported a total value locked exceeding $48 million across more than 10 core decentralized applications. Cross-chain interoperability is a stated design goal, with the chain built to support asset transfers between networks.

The chain's native asset is the XT token, which also functions as the exchange's platform token.

XT Token

XT token was launched in 2018 with a hard-capped supply of 100 million tokens. As of December 2024, circulating supply stood at approximately 6 million XT, with a market cap near $37 million. The all-time high price was $7.09, recorded in December 2024.

Token holders receive three primary benefits on the XT platform: reduced trading fees when XT is used to pay for transactions, governance participation rights that let holders vote on platform decisions, and access to exclusive airdrops and rewards. A 5% transaction tax was implemented at launch to fund ecosystem sustainability.

Market Position

XT.com's 24-hour trading volume has ranged from approximately $1.35 billion to a reported peak of $4.4 billion. Independent ranking platforms generally place XT among the top 20–50 global exchanges by volume, and the exchange is frequently cited as a top-10 platform for perpetual futures volume across specific periods.

The exchange's breadth of token listings — particularly smaller-cap altcoins that do not yet appear on tier-one venues — is a frequently cited differentiator in third-party reviews. For traders seeking early access to new token listings across both spot and futures markets, XT's listing velocity makes it a relevant destination.

API and Developer Access

XT provides comprehensive API access across all product lines: spot, futures, margin, copy trading, earn products, referral systems, and broker functionality. The documentation covers authentication, request structures, and access descriptions for each endpoint, making it practical for algorithmic traders and institutional participants to integrate directly.

Solana on XT

XT lists Solana (SOL) across spot, margin, and futures markets. The exchange supports a range of Solana ecosystem tokens, providing spot liquidity and derivatives exposure to assets native to the Solana network. Traders looking to access SOL alongside a wide catalog of smaller Solana-adjacent tokens can do so through the platform's unified interface.

Considerations

XT operates as an unlicensed exchange registered in the Seychelles, which means account holders have limited regulatory recourse in the event of a dispute. The exchange does not hold licenses in major jurisdictions such as the US, EU, or UK — a factor users should weigh depending on their location and risk tolerance.

Overall, XT.com functions as a high-volume, broad-access centralized exchange with a large token catalog, active futures markets, community features through copy trading and prediction markets, and its own blockchain infrastructure in XSC. Its combination of no-KYC access, deep altcoin listings, and integrated yield products targets traders who want flexibility across asset classes without the restrictions of more heavily regulated venues.