XeggeX

What XeggeX does

XeggeX is a privately held cryptocurrency exchange incorporated under the laws of the Republic of Seychelles, with development led from Europe by a single named founder (Karl, Lead Architect & Founder). The company operates a self-serve, product-led platform targeting retail crypto traders and small-to-medium crypto projects, with distribution achieved primarily through data aggregator listings and a referral program rather than traditional sales motions.

The platform is custom-built from the ground up rather than forked from a pre-existing open-source script. It supports spot markets across 450+ assets and 1,100+ markets, an in-house hybrid Automated Market Maker using the constant product formula, P2P trading, a liquidity pool product, an NFT marketplace, and a Faucets service. Supporting infrastructure includes hot and cold wallet custody, a merkle-tree-based Proof of Liabilities and Reserves refreshed every six hours, cross-crypto deposit address routing, and REST and WebSocket APIs with a published Hummingbot connector for algorithmic market making.

The business model is primarily transaction-based: a standard 0.20% spot trading fee (charged to both buyer and seller), a 0.20% P2P fee, and dynamic, network-tied withdrawal fees that the company states are not profit-generating. Asset integration fees of $5,000 per listing (plus a $500 advanced market-making add-on) provide a small, episodic non-trading revenue line. The platform reports 314k+ users and ~$61m in 24-hour trading volume, with no institutional funding rounds or external investors disclosed in the source data.

Name

XeggeX

Legal name

XeggeX

Website

https://xeggex.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

XeggeX is a Seychelles-domiciled cryptocurrency exchange founded in 2021. Its custom-built platform offers spot trading across 450+ assets and 1,100+ markets via a hybrid AMM system, serving 314k+ retail traders and crypto project developers worldwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Mahé

HQ country

Seychelles

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Spot Market Trading Fees: Standard maximum trading fee of 0.20% charged on realized trades, payable by both buyer and seller. Discounts available through Xpense (XPE) token holdings.
2. P2P Trading Fees: P2P trading fee of 0.2% charged on transactions.
3. Liquidity Pool Fees: Trade fee of 0.2% is distributed entirely to liquidity pool stakers. XeggeX does not collect any fee for itself on liquidity pools unless they are also a liquidity provider.
4. Withdrawal Fees: Dynamic withdrawal fees based on current network state. Generally charges around double of what the network is charging to cover overhead of internal transfers. Does not profit from withdrawal fees.
5. Asset Listing Fees: Asset integration fee of $5,000 for listing new assets on the platform. Advanced market making service (unmanaged account) available for additional $500 one-time fee.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

XeggeX operates a custom-built cryptocurrency exchange platform enabling users to trade over 450 digital assets across more than 1,100 spot markets with a maximum 0.20% trading fee. Its core offerings include spot trading, liquidity pools using a proprietary hybrid AMM system with constant product formulas, peer-to-peer (P2P) trading at 0.2% fee, an NFT marketplace, and supporting API and asset listing services for token issuers.

Product overview

XeggeX is a cryptocurrency exchange platform offering a multi-product ecosystem centered around spot trading, liquidity provision, and peer-to-peer services. The core offering consists of Spot Markets for trading over 450 digital assets, Liquidity Pools utilizing a hybrid AMM mechanism for market making, P2P Trading for direct peer-to-peer transactions, and an NFT Marketplace for digital collectibles. Supporting infrastructure includes REST and WebSocket APIs for developer integration, a Market Making Service using constant product liquidity pools, and an Asset Listing Service for token issuers. Additional features include Faucets for promotional airdrops, a Referral Program with tiered commissions up to 50%, and a Proof of Reserves transparency system. The platform was founded in 2021 and emphasizes low fees (0.2% trading fee), fast transactions, and security measures including hot/cold wallet storage and multi-factor authentication.

Differentiator

Problem solved

Functional benefit

Products and services

• Spot Market Core cryptocurrency trading platform enabling users to buy and sell over 450 digital assets across more than 1,100 trading pairs with a maximum 0.20% fee, supported by a hybrid AMM system. Targeted at retail and professional crypto traders.
• Liquidity Pool Automated market maker (AMM) feature where users provide liquidity to trading pairs and earn the full 0.2% trading fee distributed to pool stakers.
• P2P Trading Peer-to-peer trading service allowing users to buy and sell cryptocurrencies directly with each other worldwide at a 0.2% fee.
• NFT Marketplace Platform feature enabling users to discover, buy, and sell NFT collections and items with other users.
• REST API Public RESTful API enabling developers to access exchange functionality including market data, trading, and account management.
• WebSocket API Real-time WebSocket API for receiving live market data, order book updates, and trade notifications.
• Market Making Service In-house hybrid AMM system combined with spot markets that maintains order books at all price levels using constant product liquidity pools, ensuring tight spreads and continuous liquidity for listed assets.
• Asset Listing Service Token listing service for asset developers including integration, up to 2 markets with customizable base pairings, AMM market making, and distribution to CoinGecko, CoinMarketCap, and other data aggregators; priced at $5,000 per integration.
• Advanced Trading Bot Optional unmanaged advanced cryptocurrency trading bot for professional market making, giving clients control over price movements and trading volumes on listed pairs; $500 one-time fee.
• Faucets Service allowing users to claim free cryptocurrency or create their own faucets to promote their listed assets.

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

One partnership is on record.

• TradingViewcoreTechnology or IntegrationTradingView charts integrated into XeggeX platform. Provides interactive, responsive, and mobile-optimized charting with hundreds of built-in indicators, intelligent drawing tools, and multi-language support (30+ languages).

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bybit: Major global CEX with broad spot market coverage, low fees, and a tiered token-based fee structure — comparable in offering breadth and customer base.
• MEXC Global: Centralized altcoin-focused exchange with similarly broad small/mid-cap token coverage and competitive low-fee structure, targeting retail traders seeking long-tail assets — the closest direct comparable in niche and user base.
• KuCoin: Large CEX known for listing a deep roster of emerging and small-cap tokens globally with low trading fees, overlapping directly with XeggeX's altcoin-listing and low-fee positioning.
• Gate.io: Long-standing CEX with one of the broadest altcoin rosters and tiered fee discounts via native token — directly comparable in breadth of long-tail token listings and token-based fee incentives.
• Bitget: Global CEX emphasizing altcoin spot markets alongside derivatives, with a token-based discount model analogous to XeggeX's XPE fee discount structure.
• BitMart: Mid-tier CEX with strong focus on small/mid-cap token listings and comparable asset breadth; closely mirrors XeggeX's positioning as a long-tail listing venue.
• LBank: Altcoin-heavy CEX emphasizing emerging token listings globally with low fees — comparable niche and customer overlap with XeggeX.

Broad incumbents

• Binance: Largest global CEX by volume with the deepest liquidity and broadest listings; competes directly with XeggeX for the same retail altcoin-trader cohort but at vastly greater scale.
• OKX: Top-tier global CEX offering deep altcoin spot markets and competitive fees; represents the incumbent benchmark XeggeX competes against on breadth, liquidity, and product.
• HTX (Huobi): Established global CEX with significant altcoin listing depth; competes in the same retail-trader segment as XeggeX but at materially larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/xeggex
• GitHubgithub.com/xeggex

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XeggeX