XT

XT.com is a centralized cryptocurrency exchange launched in 2018 and registered in the Seychelles. Operating under the tagline "Xplore Crypto, Trade with Trust," the platform has grown to serve more than 12 million registered users across more than 200 countries, listing over 800 digital assets across more than 1,000 trading pairs. By trading volume in perpetual futures, XT ranks among the top ten globally, reporting $40 billion or more in daily derivatives turnover.

History and Background

XT.com opened in January 2018, positioning itself as a full-service global exchange for both retail traders and institutional participants. The platform is incorporated in the Seychelles and has assembled operational teams across multiple regions. Public information on leadership is limited: business databases list Albin Warin as CEO and Weber Woo as co-founder, though neither LinkedIn profile explicitly confirms those roles in relation to XT.com. The exchange has expanded its product suite steadily since founding, adding derivatives, copy trading, an NFT marketplace, a token launchpad, and most recently a prediction markets product called XPredict.

Trading Products

XT.com organizes its offerings into several distinct verticals.

Spot trading is the platform's core market. Traders access more than 1,000 pairs with a standard 0.2% maker-and-taker fee. Holding and spending the native XT token reduces spot fees by 25%. Volume-based tiers lower fees further for active traders.

Futures and derivatives form a large portion of platform activity. XT offers perpetual and dated contracts with leverage up to 125x on select pairs. Futures fees start at 0.04% maker and 0.06% taker, competitive with mid-tier derivatives exchanges. The platform reports more than 400 active futures markets.

Margin trading allows leveraged spot positions at up to 20x, adding flexibility for directional traders who prefer spot settlement over perpetuals.

Copy trading lets users automatically replicate the positions of experienced traders, with a separate futures copy-trading module for leveraged strategies. This suite targets beginners seeking passive market exposure without active management.

Earn and Loan products offer yield on idle assets and collateralized borrowing. Staking is available for several major assets including SOL, with a quoted APY of approximately 7.6% on flexible lock-up terms. ETH and ADA staking are also offered.

P2P trading allows direct fiat-to-crypto purchases and sales between users. Supported fiat payment methods include bank cards, PayPal, and Google Pay.

XT Launchpad hosts fundraising and initial exchange offerings (IEOs) for new token projects. XT NFT is the platform's NFT marketplace. XPredict is a prediction market product where users can trade on binary outcomes tied to regulatory events, market milestones, and other crypto topics.

XT Token

The XT token is the native utility token of the XT.com ecosystem. It is issued as an ERC-20 asset on Ethereum with a hard cap of 1 billion tokens. As of mid-2026, the circulating supply stands at roughly 6 million tokens—less than 1% of total supply—with a market capitalization of approximately $29 million. The token carries a 5% transaction tax directed toward ecosystem sustainability.

Primary use cases include the 25% discount on spot trading fees when XT is used to pay commissions, participation in platform governance, and early or exclusive access to launchpad allocations and other platform features. The token's historical price range spans from approximately $1.60 at the 2022 low to an all-time high near $7.97 in October 2025.

XT Smart Chain

Beyond the exchange itself, the XT organization developed XT Smart Chain (XSC), a public EVM-compatible blockchain. XSC is built on a fork of go-ethereum and uses Proof of Authority (PoA) consensus inherited from the Huobi ECO Chain contract architecture. The chain targets throughput of more than 3,000 transactions per second with sub-3-second finality, aiming to provide low-cost infrastructure for DeFi applications within the broader XT ecosystem. Development activity on the GitHub repositories (xt-smartchain/xsc-chain and xt-smartchain/xsc-contract) has been limited since late 2021, and XSC operates as a smaller chain by most metrics compared to leading EVM networks.

Solana Ecosystem Integration

XT.com lists Solana (SOL) as a spot and futures asset and maintains a dedicated SOL Ecosystem filter in its markets interface, grouping Solana-native tokens for traders seeking direct exposure to the network. SOL withdrawals are priced at 0.005 SOL per transaction. The exchange supports SOL staking with flexible lock-up terms, offering an APY of approximately 7.6% without a fixed commitment period. XT publishes news and analysis covering Solana ecosystem developments through its blog and daily market update posts on social media, including coverage of Solana staking milestones and Solana-adjacent tokenized asset developments. The exchange also lists a variety of Solana DeFi project tokens, with the SOL Ecosystem filter enabling traders to browse available Solana-native assets in one view.

Security and Compliance

XT.com publishes Proof of Reserves reports to allow users to verify that listed assets are backed by exchange holdings. Annual security audits are conducted, and the platform runs a bug bounty program through Hackenproof with payouts of up to $2,000 for identified vulnerabilities. Unverified users can withdraw up to $200,000 per day, which is notably higher than most comparable exchanges.

XT.com does not hold a Tier-1 regulatory license and is not supervised by a major financial authority such as the FCA, SEC, MAS, or equivalent. Users are not covered by an investor protection fund. The platform's Seychelles registration places it outside the regulatory perimeter of most major jurisdictions. KYC verification is optional but required for higher withdrawal limits.

Platform Access

XT.com is accessible via web browser and through iOS and Android mobile applications. A comprehensive REST and WebSocket API is documented at doc.xt.com, covering spot, futures, margin, copy trading, earn, and account management endpoints, with support for algorithmic and third-party integrations. The API documentation is maintained in English and Simplified Chinese.

Summary

XT.com occupies the middle tier of centralized cryptocurrency exchanges: large enough to offer liquid markets across hundreds of pairs and a full-featured product suite including derivatives, copy trading, staking, NFTs, and launchpad services, while remaining smaller than top-five venues by user count and operating without Tier-1 regulatory oversight. For Solana participants, its relevance lies in its role as a listing venue for SOL and Solana ecosystem tokens, its flexible SOL staking offering, and its active coverage of Solana ecosystem news and market developments.