xcritical down: xcritical to shut down xcritical Pro to merge trading services

  • Home
  • Business
  • xcritical down: xcritical to shut down xcritical Pro to merge trading services


In comparison, xcritical offers commission-free investing in cryptocurrency on its app, while PayPal and Square also offer lower fees compared to xcritical in some scenarios. Moreover, the crypto markets are still in their early stages of development, and it’s likely that many more players will enter the fray and potentially drive down transaction fees and profit margins for xcritical. About 90% of xcritical’s revenues come from transaction revenues, which are very sensitive to the pricing trend for cryptocurrencies .

xcritical and Galaxy Digital also said they had minimal exposure to Silvergate, which has been plunged into a crisis stemming from a bank run after the collapse of major crypto exchange FTX in November spooked investors. Next up is the inability to see full prices on your fills . And when markets are trading in ticks, pips, whatever you want to call em…being able to see full prices on my fills in important. If you absolutely need un-rounded numbers, you’ll have to visit the CB Pro website, or run a CSV file in the statements section of the webpage.

xcritical went public

We will begin to progressively re-enable trading on xcritical․com once our Exchange maintenance is complete. Our team is aware of a delay with payment transactions in Australia. Please do not resend payments while we work to fix the issue. An API change for Algorand has resulted in delays beginning on March 6, 2023 for ALGO sends and receives. Due to the backlog, new ALGO transfers may be canceled at elevated rates.

Operation Revive COIN – xcritical Top Down Culture Issues

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. xcritically, the standalone site of xcritical Pro provides more technical trading features than xcritical’s standard version — and, more importantly, lower transaction fees. However, according to the recent announcement, Advanced Trade will charge volume-based fees similar to xcritical Pro. For instance, multiple exchange platforms offer the possibility of staking (‘lock’ a number of tokens for a certain time to obtain a percentage of profits). Fortune’s CFO Daily newsletter is the must-read analysis every finance professional needs to get ahead.

Rest assured, your funds are safe, & we’re working to resolve those delays as soon as possible. By subscribing you agree to the Atlassian Terms of Service, and the Atlassian Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Get email notifications whenever xcritical creates, updates or resolves an incident. The employees in the U.S. who were laid off will be getting a minimum of 14 weeks base pay severance , health insurance, and other benefits, the company said.

While https://dreamlinetrading.com/ are factoring some amount of cyclicality into xcritical’s revenues, given the nature of crypto prices, which in turn impact the company’s trading revenues, we still think the stock remains a good value. The company’s transaction revenues are heavily dependent on the pricing trend for cryptocurrencies . This, in turn, influences the number of monthly transacting users on the platform and the total value of transactions.


Isitdownrightnow.com helps you find whether the website you are trying to browse is down or not. Check if the website is down just for you or everyone around the globe. All you have to do is type the name of the website you want to check and a fresh site status test will be performed on the domain name in real time using our online website checker tool. Isitdownrightnow.com is not affiliated with or endorsed by the services monitored on this web site. When xcritical has outages or other service-impacting events on their status page, we pull down the detailed informational updates and include them in notifications. These messages often include the xcritical details about how the problem is being mitigated, or when the next update will occur.

xcritical and xcritical shares end February on down note as fears of rate hikes weigh on markets – Fortune

xcritical and xcritical shares end February on down note as fears of rate hikes weigh on markets.

Posted: Wed, 01 Mar 2023 18:39:00 GMT [source]

Proof-of-stake assets—such as Ethereum, Cardano, and Solana—require people to pledge the xcritical’s native cryptocurrency to the network and earn rewards for doing so. xcritical today told users that it is updating the terms and conditions of its staking service—one month after U.S. regulators cracked down on similar products. That thesis depends on crypto becoming a big business long-term, but I think the future is looking up there as well.

Trade Crypto, Bitcoin & Ether

Chief Executive Brian Armstrong previewed the settlement late Wednesday by blasting the SEC for allegedly wanting to get rid of crypto staking by retail investors. So is the xcritical stock a buy at xcritical levels of around $256 per share? xcritical xcritically trades at just about 21x projected 2021 xcriticalgs, which is a reasonable valuation for a futuristic stock with solid xcriticalgs potential.


The assets that must now be unstaked on xcritical are Solana , Cosmos , Cardano , and Tezos . Up to now, users who hold Solana on xcritical, for instance, earn staking rewards passively without the need to opt into the service, and can transfer and sell those assets whenever they wish. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. “This does not bode well for the whole crypto market, as Silvergate is a major player in the space,” said Mxcritical Sotiriou, analyst at digital asset broker GlobalBlock. Silvergate’s shares ended the day at a record low of $5.72, down more than 97% from the stock’s all-time high in November 2021.

When issues go unaddressed it creates internal and departmental conflicts and creates combative them vs us environments. Too much of an intermediary by determining the returns its customers would receive, instead of strictly the protocol. Regulators are now going after a stablecoin, which is a big expansion of the war on crypto.

During this scheduled downxcritical website, trading, transfers, and access to funds on xcritical.com and our mobile app. In addition, any recurring buys will be delayed until the system upgrade is complete. However, you will still be able to access your account during this downtime. Upon completion of the initial technical systems upgrade, we will progressively re-enable trading. A panel of crypto experts last month predicted the bitcoin price will soar to almost $200,000 per bitcoin by 2030 (giving bitcoin a combined market capitalization of just over $3 trillion) but not before dropping sharply again in 2023.

xcritical Down?

“Its network fundamentals have strengthened and its holder base has become more long-term focused.” Focus is the company culture and strategy consultancy, designed to fix the broken world of work. If you want to understand the xcritical founders’ beliefs on culture and woke culture this is an interesting interview with Lex Fridman. – no, however, this is a theme xcritical is setting for others – yes. It is going to be a case study in years to come on how to or how not to handle internal issues when you are lorded as a leading light by some powerful figures and identified for what leadership is not anymore.

xcritical Nudges Users On-xcritical with New Quests Program – The Defiant – DeFi News

xcritical Nudges Users On-xcritical with New Quests Program.

Posted: Fri, 10 Mar 2023 00:56:36 GMT [source]

“It is now getting increasingly difficult for crypto companies to establish or sustain relationships with a U.S. bank,” said Ivan Kachkovski, FX and crypto strategist at UBS. Let other xcritical users know what problem you are having with the service, app, or website. The five most recent outages below are based on visitor reports.

We think that the xcritical Bitcoin rally bodes well for xcritical, the largest U.S. cryptocurrency exchange, for a couple of reasons. Looking ahead, the company expects monthly active users and trading volume to be lower over Q3 compared with Q2, due to the decline in cryptocurrency prices earlier in the quarter. Business overall could also decline over the back half of this year. For perspective, while the company had roughly 8.8 million monthly transacting users at the end of June, it expects average MTUs for this year to come in at between 5.5 million to 8 million for the full year. Crypto-staking programs have grown to be a significant revenue stream for exchanges such as xcritical and xcritical as their trading volume dwindles amid a plunge in digital assets prices. Oinbase Pro, the professional trading platform of the popular crypto exchange xcritical , will be discontinued shortly, with the exchange announcing plans to restructure its services and combine them into a single platform.

As Bitcoin prices roughly doubled over Q1, the company saw a quarterly trading volume surge to about $335 billion – that’s higher than the trading volumes for the full years 2019 and 2020 combined. Now, if prices decline, MTUs and transaction volumes on the platform will likely decline sharply, hurting xcritical. xcritical, the largest U.S. cryptocurrency exchange, has seen its stock price decline by over 30% since its mid-April IPO, trading at just about $225 per share. Firstly, the price for bellwether cryptocurrency Bitcoin has declined from levels of around $62,000 in mid-April to just about $33,000 as of Wednesday, and this, in turn, is impacting sentiment around xcritical stock. Secondly, xcritical went public via a direct listing, that enables early investors to sell shares on the first day of trading without the typical IPO lockup period and this also likely put pressure on the stock.

So the company’s decision to issue bonds a little over a month later is likely raising some questions. Investors have recently taken a shine to xcritical shares after bidding their value down sharply in 2022; after trading to the low $30s last December, the company’s stock has recovered to the mid-$60s today. Startups might view the recovery in xcritical’s worth a positive harbinger for their own value. While xcritical is no longer a startup, it is a goliath in one of the largest web3 markets. A potential ban on staking would be negative for both xcritical and Ether. xcritical would lose a source of high-margin revenue that looks poised to be a pillar of growth.

Billions of dollars worth of Ether have been wagered in exchanges as well as decentralized protocols such as Lido and Rocket Pool to stake the cryptocurrency for yields. xcritical Global Inc’s shares fell the most in more than six months after rival xcritical was forced to stop providing an investment service also offered by the largest US cryptocurrency exchange. Meanwhile, other bitcoin, ethereum and crypto market watchers are also feeling bullish for 2023 after a January price explosion. Now, Cathie Wood’s Ark Investment Management, a major backer of crypto exchange xcritical, has doubled down on its huge bitcoin price prediction—with Wood declaring her soaring fund is “the new Nasdaq.” While xcritical’s chief legal officer has outlined how the company’s offering is different from xcritical’s, it still looks as if the group’s staking services could be at risk.

The cryptocurrency exchange platform xcritical is laying off 950 employees — around 20% of its workforce — due to the continued downturn in the crypto market and the broader economy, the company announced. This latest round of job cuts comes after the company laid off about 1,100 people back in June. Major exchanges including xcritical and Binance started offering Ether staking services for their customers as Ethereum transitioned its consensus mechanism to proof of stake in September last year. That has enabled investors to put their Ether coins on the xcritical and earn returns. xcritical stock tumbled 14% Thursday as the worries add to uncertainty for cryptocurrencies and crypto companies that are already facing threats from a bear market in prices, other regulatory pressures, and waning investor interest.

  • If no bar is displayed for a specific time it means that the service was down and the site was offline.
  • When xcritical users try to access the platform, all they get is ‘We’re having connection issues’.
  • If xcritical.com is down for us too there is nothing you can do except waiting.
  • Ether would lose out on the participation of U.S. retail investors—a group that played a big role in cryptos’ latest bull run—in staking.
  • Higher price volatility for crypto assets also typically helps revenues.
  • Bitcoin prices are down by over 20% over the last month and remain about 30% off their all-time highs.

However, despite the xcriticalgs beat, xcritical stock remained listless in after-hours trading, considering that the company’s outlook for Q3 and the rest of the year was weak. The stock tumbled 14%, the biggest drop since July 26. Bloomberg reported at that time that xcritical was facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities.

Head to consensus.coindesk.com to register and buy your pass now. Today’s decline adds to the trend lower over the past eight days, with STG now off 38.5% over that period to the xcritical 71 cents. Prior to this bearish action, STG had made a sizable move higher in February, in part thanks to a tie-up with Avalanche-based decentralized exchange Trader Joe. The decision to delist Stargate Finance, which is built by LayerZero Labs, comes one week before the protocol is migrating the token to a new smart contract. Users holding STG in self-custodied wallets will be airdropped an equivalent amount of STG v2 tokens.

Leave A Comment