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CryptoXTrades says its cumulative trading volume has topped $10 billion and that it expects to reach $100 billion by 2030. Those figures come from a company press release carried by Barchart as GetNews content—not an independent audit. The release does not define the volume measure, the period it covers, or the assumptions behind the forecast, so neither figure can be independently assessed from the announcement alone.
What CryptoXTrades reported
In a GetNews press release hosted by Barchart, CryptoXTrades announced more than $10 billion in cumulative trading volume and projected $100 billion by 2030. The release provides no underlying records or calculation method, and it does not say which assets or markets are included or how long the reported volume accumulated.
The source has a date discrepancy: Barchart dates the page October 3, 2024, while the release body says the company announced the milestone “On October 15.” The source does not resolve the conflict. Read the Barchart-hosted GetNews release.
How the company says it grew
The release credits growth to CryptoXTrades’ self-developed trading system and technology infrastructure, its cryptocurrency selection, claimed competitive fees, fund transfers and user interface, as well as staking and lending features. These are the company’s explanations. The announcement supplies no independent comparison of the features or fees and no evidence establishing that they caused the reported volume.
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What the $100 billion target does—and does not—show
The 2030 figure is a company projection, not a measured result. The release does not provide forecast assumptions, a growth schedule, or a definition of the volume to be counted. It also cautions that forward-looking statements may change and that actual circumstances or results may differ materially. Without those details, readers cannot evaluate how the target was calculated or treat it as a dependable prediction.
What evidence would make the claims easier to assess
A meaningful review of the milestone and forecast would require information the release does not include:
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- A clear definition of cumulative trading volume, including whether it covers spot trades, derivatives, or both.
- The start and end dates, covered assets and markets, and the calculation method used for the $10 billion figure.
- Records that can be independently checked, such as an audit or other transparent verification of reported trading activity.
- Forecast assumptions showing how the company expects to move from the reported figure to its 2030 target.
- For any comparison with other exchanges, consistent coverage and definitions—particularly cumulative versus daily volume, spot versus derivatives, assets and markets, reporting period, and whether figures are independently verified or self-reported.
The press release provides none of this detail, and it does not offer a comparable exchange data set or market-share benchmark.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Licensing claims in the release
CryptoXTrades says it holds a U.S. money services business (MSB) license and is applying for a European financial license. The release does not identify a regulator, provide a registration number or jurisdictional details, or link to documentation of the application. These should therefore be treated as claims in the release, not as independently confirmed regulatory status.
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