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Announcements

12/11/2022

A message to our users: XREX keeps your assets safe

Dear XREX user, It has been a long week for the crypto industry. We understand the extreme uncertainties have caused severe stress to many people. We would like to take this opportunity to share our thoughts and provide an insight on how we plan to navigate through these headwinds. 1)… Read More

Columns and opinions

10/11/2022

Systemic risk following Binance and FTX saga: More major crypto exchanges needed

In the aftermath of a liquidity crisis, FTX agreed to a non-binding letter of intent (LOI) allowing Binance to acquire FTX. The deal was ultimately abandoned by Binance, citing the results of its due diligence. As one of the giants of centralized exchanges (CEX), the news of FTX’s downfall has caused widespread… Read More

Announcements

19/10/2022

XREX Participates in Unitas Sandbox, a New DeFi USD Exchange-Rate-Derived Stablecoin Protocol

We are pleased to announce that XREX is participating in Unitas sandbox and has listed USD1, USD91, and USD971 today. Unitas is the first over-collateralized, USD exchange-rate-derived stablecoin protocol for multiple emerging markets. USD1, USD91, and USD971 are the first three tokens issued for the protocol’s sandbox phase. Unitas stablecoins reflect the… Read More

Announcements

13/10/2022

Crypto Security: XREX Successfully Defended Against NCC Group’s Penetration Test

According to Chainalysis, hackers have stolen more than $1.9 billion from exchanges and DeFi projects by July this year, a 60% increase over the same period of time last year, including more than $600 million from the hack of the blockchain network used by Axie Infinity, a leading NFT GameFi… Read More

Columns and opinions

06/10/2022

Three Dimensions of Decentralization: Stablecoin and DAO as Examples

Note: This article was first published in Mandarin for Taiwan’s CommonWealth Magazine in May 2022. The word “decentralization” comes from “centralization” and is the spirit of blockchain technology. However, as decentralization has evolved, many question how decentralized can blockchain be when many of its applications such as stablecoins and exchanges are fundamentally… Read More

Columns and opinions

30/09/2022

Are stablecoin issuers ready to meet regulatory scrutiny?

Lawmakers and regulators around the world have been racing to craft rules and regulations for stablecoins, and the recent collapse of the Terra UST algorithmic stablecoin has served as a tailwind to push the agenda forward. At a supranational level, the Financial Stability Board (FSB) was compelled to release a statement and… Read More

Columns and opinions

28/09/2022

Four Reasons Why Your Business Should Onboard Crypto Payments with XREX

With the advent of blockchain and cryptocurrencies, many are still wary of using cryptocurrency as a mode of payment. In a report published by Deloitte in July, out of 2,000 US retailers surveyed, nearly 75% of retailers plan to accept crypto or stablecoin payments within the next two years. However, the security… Read More

Announcements

22/09/2022

XREX Lists Six New Cryptocurrencies: APE, MANA, ALGO, FTT, BUSD, and ATOM

We are pleased to announce that XREX has listed six new coins and tokens, including APE, MANA, ALGO, FTT, BUSD, and ATOM. As XREX continues to grow, so do our users too. We have heard feedback from our community on wanting a wider selection of trading pairs to diversify their… Read More

Columns and opinions

21/09/2022

Could Stablecoin UST have revived from the death spiral? Insights from an algorithmic stablecoin’s depeg

Originally published in May 2022, under CommonWealth Magazine’s Wayne Huang’s Mandarin column: “LUNA crashed 99%, how did the third-largest stablecoin UST shock Yellen with its death spiral?” When people look back on 2022, it will be impossible to not mention the shock stablecoin UST has created in the crypto market. As… Read More

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