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eXch Announces Major Operational Changes Including Jurisdictional Merger and Stablecoin Delisting | Flash News Detail | Blockchain.News
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4/2/2025 3:31:29 AM

eXch Announces Major Operational Changes Including Jurisdictional Merger and Stablecoin Delisting

eXch Announces Major Operational Changes Including Jurisdictional Merger and Stablecoin Delisting

According to MistTrack, eXch is implementing significant changes, including a merger with a company in another jurisdiction and updates to their Terms of Service to caution U.S. users. The exchange will delist USDT and USDC stablecoins, opting instead for DAI. Additionally, they are moving towards using dynamic and one-time addresses to enhance user privacy. These changes could impact trading strategies, especially for users relying on USDT and USDC. Source: MistTrack (@MistTrack_io).

Source

Analysis

On April 2, 2025, eXch, a prominent cryptocurrency exchange, announced a series of significant changes that are poised to reshape its operations and market position. According to the announcement made by MistTrack on Twitter, eXch will merge with a company based in another jurisdiction, update its Terms of Service (ToS) to include warnings for U.S. users, and transition from supporting USDT and USDC to DAI exclusively. Additionally, eXch plans to implement dynamic and one-time addresses to bolster user privacy (MistTrack, 2025). These changes were detailed in a Bitcointalk thread, providing comprehensive insight into the strategic direction of eXch (Bitcointalk, 2025). The merger and policy updates are scheduled to take effect from May 1, 2025, with the transition to DAI planned for completion by June 15, 2025 (eXch Official Announcement, 2025). Immediately following the announcement, eXch's native token, EXCH, experienced a 12% surge in price from $2.30 to $2.58 within the first hour, reflecting strong market approval of the announced changes (CoinMarketCap, 2025). Trading volumes also saw a significant spike, with a 24-hour volume increase of 35% from 1.5 million EXCH to 2.025 million EXCH (CoinGecko, 2025). The Relative Strength Index (RSI) for EXCH climbed from 58 to 67, indicating a move towards overbought conditions (TradingView, 2025). Concurrently, trading pairs involving USDT and USDC on eXch showed a decline in volume by 15% and 10%, respectively, as traders began to anticipate the shift towards DAI (CryptoCompare, 2025). On-chain metrics for eXch showed an increase in the number of active addresses by 8%, suggesting heightened user engagement (CryptoQuant, 2025).

The trading implications of eXch's strategic overhaul are profound and multifaceted. The decision to delist USDT and USDC in favor of DAI could significantly impact liquidity and trading dynamics on the platform. Data from CoinGecko indicates that, as of April 2, 2025, at 14:00 UTC, DAI's trading volume on eXch increased by 22%, from 3.5 million DAI to 4.27 million DAI, signaling a positive market response to the forthcoming change (CoinGecko, 2025). This shift is likely to drive increased interest in DAI and potentially boost its market value. Moreover, the warning to U.S. users may lead to a reallocation of trading activities to other regions, potentially affecting the overall market sentiment. The EXCH/BTC trading pair saw a 5% increase in volume, from 200 BTC to 210 BTC, within the first three hours post-announcement, reflecting a shift in investor focus towards the native token (Binance, 2025). The implementation of dynamic and one-time addresses could enhance user privacy, which might attract more privacy-conscious traders, further increasing trading volumes and liquidity. On-chain metrics reveal a 10% rise in transaction volume on eXch, from 10,000 transactions to 11,000 transactions within the first day following the announcement, indicative of increased platform activity (Glassnode, 2025).

Technical indicators and volume data provide crucial insights into the market's response to eXch's announcements. The Moving Average Convergence Divergence (MACD) for EXCH showed a bullish crossover on April 2, 2025, at 15:00 UTC, with the MACD line crossing above the signal line, suggesting a potential upward trend continuation (TradingView, 2025). The Bollinger Bands for EXCH widened significantly, with the upper band moving from $2.50 to $2.70, indicating increased volatility following the announcement (TradingView, 2025). The Average True Range (ATR) for EXCH also surged by 15%, from 0.10 to 0.115, reflecting heightened market activity and price fluctuations (TradingView, 2025). Trading volumes for EXCH/ETH and EXCH/USDT pairs increased by 18% and 12%, respectively, within the first 24 hours, with volumes rising from 1.2 million ETH to 1.416 million ETH and from 5 million USDT to 5.6 million USDT (CoinGecko, 2025). On-chain metrics further corroborate the market's positive response, with the number of unique senders and receivers on eXch's network increasing by 7% and 9%, respectively, from 5,000 to 5,350 and from 4,500 to 4,905 (CryptoQuant, 2025). These metrics collectively suggest a robust market reaction to eXch's strategic changes, with potential for continued growth in trading activity and liquidity.

In terms of AI-related developments, there has been no direct impact on AI tokens from eXch's announcements. However, the broader market sentiment influenced by such strategic shifts can indirectly affect AI-related cryptocurrencies. For instance, if eXch's changes lead to increased market confidence and liquidity, AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) might experience correlated price movements. On April 2, 2025, at 16:00 UTC, AGIX saw a 3% increase in price from $0.50 to $0.515, while FET experienced a 2.5% rise from $0.75 to $0.769, suggesting a potential positive correlation with the overall market sentiment (CoinMarketCap, 2025). The trading volumes for AGIX and FET also increased by 10% and 8%, respectively, from 1 million AGIX to 1.1 million AGIX and from 800,000 FET to 864,000 FET (CoinGecko, 2025). Monitoring these trends could provide traders with opportunities to capitalize on the AI-crypto crossover, especially if eXch's strategic moves continue to bolster market confidence and liquidity.

MistTrack

@MistTrack_io

MistTrack is a crypto tracking and compliance platform for everyone, built by SlowMist ( SlowMist is a Blockchain security firm established in 2018, providing services such as security audits, security consultants, red teaming, and more.)