XX Exchange Consolidation Update: Improving Liquidity Efficiency and Market Quality
Over the last few years, XX has expanded to multiple trading venues and multiple pairings to support access and price discovery—especially during the period before we had robust bridging and DEX options for wrapped XX. During that phase, we maintained dual listings for XX and WXX to help connect native XX markets with Ethereum-based access and broader DeFi liquidity, while infrastructure matured.
As the ecosystem has matured, it’s become clear that maintaining too many overlapping markets can work against token health by fragmenting liquidity across venues. When liquidity is spread too thin, order books become shallower, spreads widen, and market-making requirements increase, resulting in higher costs without meaningful benefits to the community.
For that reason, the xx Foundation will be consolidating exchange support and ending liquidity support and trading on Biconomy. This decision reflects:
- Consistently low organic activity on Biconomy relative to our primary venues
- A commitment to deeper liquidity and better price execution where the majority of trading already occurs
- Improved capital efficiency, allowing treasury resources to be deployed more effectively
What this means for traders
- Trading access remains available on our primary venues, including MEXC (XX/USDT), LBANK (XX/USDT), Coinstore(XX/WXX/USDT), and Uniswap (WXX).
- We will provide clear timelines for any deposit/withdrawal and trading deadlines on Biconomy.
- We’ll share guidance for users who need to move assets ahead of the transition.
xx Foundation is focusing on supporting the venues that deliver the most value, while reducing redundant infrastructure that adds cost and complexity. We’ll continue to evaluate listings using clear criteria, user access, security posture, transparency, cost/benefit, and organic volume, so that exchange coverage stays strong without diluting liquidity. We’re excited about the road ahead as application development accelerates and adoption continues to mature. This consolidation helps ensure we’re building on a more efficient, resilient market foundation.
Onwards!
