Xtheta is a cryptoasset exchange located in Singapore. Their volume over the last 24 hours is $3.12B. The exchange is rated “C” which means “Fair.” They are a crypto-only exchange.
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Xtheta Global is a centralized cryptocurrency exchange founded in July 2020 though in some sources 2019 is mentioned as a year of foundation. Soft launch and the start of trading activities were declared on July 6th.
It is located in Singapore and as its name suggests, it is designed to operate on the global market. It is a part of the Xtheta Holdings group with Xtheta Japan as the parent company. This is a Japanese local exchange that aims to take on the crypto world internationally and Xtheta Global is intended to satisfy the users’ needs outside of Japan. Note that the participation of users from Japan and the US is prohibited.
Despite these intentions, at the time of writing the Xtheta Global exchange website is available only in two languages: Chinese and English. Many pages are available in Chinese only and it is not convenient for foreigners. The official iOS and Android compatible app can be downloaded from the official website.
The peculiarities of trading
Xtheta Global provides its users with crypto-to-crypto trading, perpetual contracts, and OTC trading. The exchange supports nearly 50 tokens including the most popular cryptos. They can be paired with USDT, BTC, or ETH. According to Xtheta Global’s Twitter account and official announcements, new altcoins are regularly added. Project managers can apply for listing within the listing form available from the homepage to get their tokens available to Xtheta’s audience.
On Xtheta, cryptocurrencies can be bought or sold for fiat via the OTC market. Traders can buy USDT, BTC, or ETH with CNY or USD. There are three payment methods available: a bank card, Alipay, or WeChat Pay.
Xtheta Global offers perpetual contracts with up to 100x leverage. It is also possible to practice the Perpetual Contract Trading Simulation with live prices first before performing a real trade. A detailed Perpetual Contract trading guide is available on the website.
Xtheta fee structure
Any digital asset can be deposited to Xtheta free of charge. Trading fees are different depending on the trading service and the trader’s status. The exchange trading fee is 0.15% for both makers and takers.
Perpetual contract trading fee is different for makers and takers. It amounts to 0.02% for makers and 0.075% for takers. Fiat OTC merchants pay 0.1% no matter if they buy or sell. Withdrawal fees and minimum amounts depend on a definite token. For Bitcoin is it 0.01 BTC, for Ether the sum makes up 0.05 ETH, and for Ripple, the minimum amount to withdraw equals to 45 XRP.
Xtheta referral Program
Xtheta Global aims to establish a strong community of supporters, that is why its team struggles to attract as many users as possible. The referral program is one of such attractions that make this exchange appealing to investors.
Xtheta Global offers a more complicated system of referral rewards than is usually expected on the crypto market. The referrals are invited to the site via the referral link while there can be direct and indirect referrals. Direct referrals are those who register with the user’s unique referral link. An indirect referral is someone who registers under one of the user’s referral accounts. In both cases, a referrer will be awarded a part of their trading fees (up to 45% and 5% respectively).
There are 6 levels of the referral program rates depending on the number of invited users. The more users one refers, the higher his or her referral reward rates are.
Xtheta Global is an ACRA-registered entity. ACRA is an abbreviation that stands for Accounting and Corporate Regulatory Authority, the regulator of business registration, financial reporting, public accountants, and corporate service providers in Singapore. This fact may increase public confidence in this exchange and improve users’ trust. Its parent company, Xtheta Japan, is also licensed by the Japanese Financial Services Agency (FSA). Though Xtheta Global is formally a different organization, that gives Xtheta Global more weight.
Despite such a great advantage, the platform doesn’t seem to care about its social platforms as both its Telegram channel and Twitter account come with a pretty humble number of followers.
The exchange provides measures to keep its users’ activities safe. All digital assets are kept secure in both hot and cold multi-sig wallets. Before withdrawal, a user has to go through a series of security authentications including 2FA, KYC, and assigning an Asset Password. Xtheta Global claims to be committed to AML standards and does its best to maintain this status.
Xtheta Global team and partners
Xtheta Global is a joint venture of Xtheta Inc. and Bluehelix, the world's leading blockchain financial information technology service provider. That’s why it is no surprise that both Xthetas, Xtheta Japan and Xtheta Global, have the same management board.
Koji Muto is the CEO at Xtheta Inc. and Xtheta Global. Prior to entering the world of blockchain, he had 6-year experience at Fujitec, a Japan-based company mainly engaged in the manufacture, sale, installation, and maintenance of elevators, escalators, moving walks, and other products. Crunchbase also lists Hitomi Yamamoto as the project’s COO who has graduated from the Japanese MIT School of Engineering with a financial background.
In August 2020, Xtheta announced its partnership with Bluehelix, a service provider focused on implementing blockchain technologies into the infrastructure of its customers. The news was broadly discussed on such reputable media as Bitcoin.com and brought significant traction to the platform.Read More