Xena Exchange is a professional-level crypto-asset trading platform, based in London, United Kingdom. In 2017, the company received initial funding from angel investors, and in the end of 2018, the company completed a $3 million Series A round of financing.
Talking about disadvantages of current crypto exchanges, Xena CEO Anton Kravchenko said:
Cryptocurrency trading platforms currently existing on the market are not built with knowledge of financial markets and tools. These platforms remain far from traditional stock exchanges in terms of the functionality demanded by professional market participants. Active traders require smarter tools for profit extraction, lower commissions, a variety of order types and segregated funds.
According to their website, some of the platform’s features are:
- The exchange has fast trading engine, with 1ms order execution and no rejection
- Security is verified by three leading security agencies
- Contracts are protected from unnecessary liquidation
What are the trading fees on Xena Exchange?
The platform doesn’t charge any fees for spot trading, which is quite surprising. But if you decide to do margin trading, you’ll have to pay 0.03% each order’s value.
A withdrawal fee amounts to 0.001 BTC when you withdraw BTC. Also, keep in mind that the deposit is possible only with cryptocurrencies, not fiats.
Who is the team behing Xena Exchange?
The company is lead by a group of professionals from JPMorgan, Deutsche Bank, ING and the Royal Bank of Scotland. The Xena Exchange CEO is Anton Kravchenko. He is the former employee of J.P. Morgan corporation, Vice-President of Investment Banking Solutions at Bank Otkritie Financial Corporation, and an associate director of VTB Capital.
The Head of Trading Operations is Timur Abushkin, a professional with more than 15 years of experience in financial and capital markets. Before joining Xena Exchange, he ran a crowd investing platform IPOboard, managed private portfolios for financial company EASTRA, and served as a Vice President at J.P. Morgan.
How do I create an account at Xena Exchange?
To register on the platform you have to be at least 18 years old, and from an unrestricted country (US-based investors cannot trade on Xena Exchange). Here are the steps you’ll need to take in order to register and start trading:
- Go to the exchange’s website
- Provide your email and create an account
- Fill out the information for KYC compliance
- After completing the registration, choose the type of account you need
Hold on, you’re not quite done yet. After completing the registration, your account is still unverified. To verify it, you’ll need following:
- Your ID photo
- Proof of residence photo (it can be your bank account statement or utility bill)
- Photo of you, with your ID
You have to upload all these documents to Xena Exchange’s platform. In case you’re an individual, the verification is usually automated and done within an hour. However, the company retains the right to ask for additional documents, and in that case, the process may take up to 15 days.
Finally, after your account is verified, you can deposit and start trading. Good luck!
Is Xena Exchange distributing an airdrop?
Yes, it does. The airdrop is worth up to $1,000 worth of Bitcoin and the minimum deposit is $25. Participants who make their first deposit to BTC Margin Wallet in BTC will receive a bonus equal to the amount transferred, up to $1,000 in the equivalent currency.
On, our website you can find information about countries restricted from participating in this airdrop, and a step-by-step guide for joining Xena Exchange Airdrop.