XTECHs Cryptocurrency Exchange

What is XTECH?

XTECH has been developing decentralized applications since 2016, and it is one of the leading companies in the blockchain space, based in the crypto-capital of the world, Berlin.

There are already dozens of cryptocurrency exchanges out there. Why do we need another one?

Glad you asked. Here’s why:

We focus on the newest token sales. The ICO model allows anyone to be a venture capitalist, backing projects they see value in at the earliest stage. The race to get in early with any of the hundreds of exciting projects under development is very competitive. The “pre-sale” has replaced the “public-sale” as the new starting point for retail investors. Getting on the whitelist for the pre-sale can sometimes be difficult. With so many projects vying for attention, it’s easy to miss out on the early stages of an ICO. Additionally, as many ICOs are little more than a whitepaper at first, more and more savvy investors are waiting to see how much funding a project gets and how much community interest it can attract at the ICO stage before considering investing.

This is why it’s becoming increasingly important for investors to have access to a new project as soon as it hits the exchanges.

The problem is that the largest and most trusted ERC20 token-focused exchanges like Binance, Kucoin or OKex only take on the biggest and most well-known new coins. Actually they mostly take on the coins that pay the highest fees to get listed, but that’s another story. The hundreds of smaller, lesser known coins — the ones that may offer the highest returns for risk-loving investors — often end up on unknown exchanges with confusing and non user-friendly interfaces. This naturally scares away investors: the risk of losing your funds on a sketchy exchange often doesn’t outweigh the potential rewards for investing in a project you think is a winner.

This is where XTECH comes in. We are a Europe-based, easy-to-use exchange focusing on upcoming ICOs that can’t get onto the established exchanges. Of course, we also offer trading pairs with established ERC20 tokens as well as the pairs that all crypto enthusiasts are used to, including Bitcoin and Ether.

Wait a minute: What makes XTECH trustworthy?

Our company is backed by one of largest corporate venture capital fund in Germany (Innogy), and our platform will be independently audited and reviewed. Our developers have been building complex financial backend structures and have an excellent reputation for building highly secure systems. In 2014 they built one of the first Bitcoin exchanges in Germany, working in cooperation with the German-based Varengold Bank. Now let’s get nerdy (at least a bit): on our exchange, the majority of funds will be stored in offline wallets. The code was designed from the ground up to protect the users’ funds, for ultra high-speed order execution and scalability. The modular backend provides an API that our own frontend uses and that provides an open interface for third parties and traders.

Based in Europe? What about regulations?

Actually, regulators in Europe have been very progressive with cryptocurrency exchanges. We are closely monitoring the political landscape and legal developments. There are many locations in Europe that provide a friendly environment for crypto-startups, such as Estonia, Malta or Switzerland. Our setup, by the way, allows us to be extremely flexible in choosing our legal jurisdiction.