Xrex

Xrex

Verified
Helps blockchain-focused organizations save time and money with product development, production maintenance, security, scalability, and compliance efforts. Learn more

Launch date
Employees
Market cap
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Net debt
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Enterprise valuation
$75—113m (Dealroom.co estimates Jun 2024.)
台北市 Taiwan (HQ)
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$18.8m

Early VC
Total Funding000k

Recent News about Xrex

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XREX is an innovative financial technology (fintech) company that aims to revolutionize the banking sector by leveraging blockchain technology. The company collaborates with banks, regulatory bodies, and verified users to create a more inclusive financial system. This system is designed to allow everyone to participate in and contribute to the global economy.

XREX primarily serves clients who are interested in cryptocurrency trading and blockchain solutions. These clients range from individual traders to institutional investors. The company operates in the global financial market, focusing on regions with emerging economies where traditional banking systems may be less accessible.

The business model of XREX revolves around its blockchain-driven solutions and its standalone trading platform, the XREX Exchange. This exchange offers professional access to various types of trading, including spot, futures, and options. By providing these services, XREX generates revenue through trading fees, which decrease as the trading volume increases. This incentivizes higher trading activity on their platform.

Additionally, XREX has introduced a social trading feature called XREX Circles. This feature allows users to connect with others, expand their networks, and engage in collective trading activities. The social aspect of XREX Circles aims to make trading a more community-driven and enjoyable experience, further attracting users to the platform.

XREX's leadership team includes experienced professionals like CEO Wayne Huang, who co-founded Armorize Technologies and successfully exited to Proofpoint, and CRO Winston Hsiao, a seasoned entrepreneur and active crypto trader. Their combined expertise in cybersecurity and economics strengthens XREX's position in the fintech market.

In summary, XREX is a forward-thinking fintech company that uses blockchain technology to democratize financial services. It serves a diverse range of clients, operates in the global market, and makes money through trading fees and social trading features.

Keywords: blockchain, fintech, cryptocurrency, trading, global economy, XREX Exchange, social trading, inclusive finance, cybersecurity, emerging markets.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.