XT.com

What is XT.com?

Founded in 2018 and headquartered in Dubai, XT.com is a global-centralized cryptocurrency exchange with over 7.8 million registered users, servicing more than 1 million monthly active users across 40+ markets :contentReference[oaicite:8]{index=8}. XT.com supports 800+ tokens, 1,000+ trading pairs, and offers a full suite of services including spot, futures, margin, copy trading, OTC, structured products, and an aggregated NFT marketplace :contentReference[oaicite:9]{index=9}.

The platform emphasizes institutional-grade security with 2FA, cold storage, multi-sig wallets, and continuous monitoring—demonstrated by its prompt response to a November 2024 breach and deployment of Merkle-tree proof of reserves :contentReference[oaicite:10]{index=10}. XT.com also delivers deep liquidity, low trading fees, and diverse order types (limit, icebergs, stop), while offering simplified UX for retail investors.

Key Features

• Diverse Trading Options: Offers spot, grid, futures (USDT-M & Coin-M), margin trading up to 125x, OTC, copy trading, and structured savings products :contentReference[oaicite:11]{index=11}.
• Security Controls: Implements 2FA, cold storage, multi-sig infrastructure, bug bounties, and pen-testing. Post-breach improvements include Merkle-reserves :contentReference[oaicite:12]{index=12}.
• High Liquidity & Low Fees: Supports large trading volumes with competitive taker/maker rates, and uses aggregated price feeds to reduce slippage.
• User Tools & Mobile Access: Includes mobile/web apps, copy-trading socially integrated workflows, and responsive UI for Pro and Basic users :contentReference[oaicite:13]{index=13}.
• Global Compliance: Registered under BZ Limited, holds MSB registration, and enforces KYC/AML, with presence in Singapore, Europe, and the Middle East :contentReference[oaicite:14]{index=14}.

Accounting & Reporting Benefits

• Real-Time Trade Ingestion: API/CSV feed includes trade IDs, pairs, price, volume, margin details, and timestamps—ideal for cost-basis, WAC, and digital asset P&L.
• Futures & Margin Reporting: All leveraged positions, funding fees, and liquidation events are tagged correctly for finance tracking.
• Expense & Loss Tracking: Margin interest, fees, and withdrawal costs appear as line-item expenses in ledger software.
• Security Event Logs: Balance adjustments, reserve updates and breach-response records are captured in accounting history.
• Enterprise Integration: Supports exports compatible with ERP platforms like NetSuite, QuickBooks, Xero, and Sage via Cryptoworth integration.

With deep liquidity, advanced financial instruments, and institutional-grade security enhancements, XT.com is positioned as a full-service platform for both retail and institutional clients—and its data is fully compatible with Cryptoworth’s accounting software for robust reporting and reconciliation.