XREX Circles is a popular feature on the XREX crypto-fiat exchange. All XREX users, both individual and corporate accounts who have passed identity verification can create their own Circle and become a Circle owner, or join one or multiple Circles as a Circle member.

Circle owners

Users can only create one Circle. Once a user becomes a Circle owner, the user cannot join other Circles. In short, a user can either be a Circle owner or a Circle member. Circle owners can invite and approve other XREX users’ requests to join and become their Circle members. The Circle information will be displayed on the Circle owners’ profile cards.

Circle members

XREX users can join one or multiple Circles by invitation and request. The request to join a Circle needs to be approved by the Circle owner. As a Circle member, your trading volume will be contributed to the 30-day cumulative trading volume of the Circle and lower down trading fees together with other Circle members. The higher the cumulative volume, the lower the trading fees.

In each trade, including limit order, market order, and convert, the user can select to contribute to the personal cumulative volume or the volume of one of the Circles joined. Check the discount level on the Setting page and switch the Circles and discount level easily.

Trades include:

  • Creating a Limit order.

  • Creating a Market order.

  • Converting.

Trading volume

Each trade, including limit order, market order, and convert, will be counted into the 30-day cumulative volume under the personal account or the Circle when trades are settled. The user can select to contribute to the personal cumulative volume or the volume one of the Circles joined. The discount level will be determined by the cumulative volume.

Discount level

There are two types of discount levels:

  1. Personal discount level:

  • Each XREX user will have their own personal discount level which means that they can trade and accumulate the 30-day trading volume on their own.

2. Circle’s discount level:

  • Each Circle will have a discount level which is determined by the 30-day cumulative trading volume of its Circle owner and members. When the Circle owner and members trade and select the discount level of the Circle, the trading volume of the trade will be added to the trading volume of the Circle.

The discount level is based on the last 30-day cumulative trading volume; it’s updated every 24 hours. Learn more about discount levels here: What is XREX discount level?

Circle related rights and limitations

Join a Circle:

All XREX users who have passed identity verification can join one or multiple XREX Circles, but you can only select one discount level in each trade.

Create a Circle:

All XREX users who have passed identity verification can create a Circle:

  • An XREX user can either be a Circle owner or a Circle member. To create a Circle, the user needs to leave all Circles.

  • The user will no longer be able to enjoy the discount level of Circles that the user leaves.

  • A Circle owner will not be able to join other XREX Circles.

  • A Circle owner can’t close the Circle once created.

  • The Circle owner’s trading volume will only count in the Circle he/she owns.

  • The Circle owner’s past 30-day personal trading volume will be calculated to the Circle he/she created. However, the past trading volume dedicated to other Circles will remain in those Circles.

Being a Circle owner:

  • All trading volume of the Circle owner will be dedicated to his/her own Circle.

  • When Circle members use the Circle’s discount, those trading volumes will be dedicated to the Circle’s cumulative 30-day trading volume.

After creating a circle:

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