Trading on Xena Spot


Xena Exchange is a centralized cryptocurrency exchange that allows its customers to trade different cryptocurrencies with one another. Xena Exchange is not a counterparty of any trade.


Currently, Xena only offers crypto-to-crypto trading, but we are actively working on obtaining licences that will allow us to offer crypto-to-fiat trading in the near future.

  • All clients deposit cryptocurrency to their Xena accounts. Short-selling is not permitted (e.g., to sell 1 BTC, clients must first deposit at least 1 BTC to their account).
  • Clients who wish to buy or sell one currency in exchange for another place their orders on the exchange. Support of multiple order types makes Xena Exchange suitable for trading strategies of any complexity.
  • If orders from two clients match each other (e.g., the first client wishes to buy BTC for USDT at a price not higher than 6500, and the second wishes to sell BTC for USDT for at least 6500 USDT per BTC), a trade is created. Clients exchange the agreed-upon quantities of cryptocurrency.
  • Matching on Xena Exchange has price-time priority. This means an incoming buy or sell order will first be matched with orders on the respective other side that has a lower or higher price. If there are several orders with the same price, orders placed first will be matched first.
  • The trading fees on Xena Spot are zero, independently on order types and trading volumes.


The order book in the web terminal:

The bottom part of the order book displays bids — orders from clients looking to make a purchase. The top part of the screen displays asks (offers) — orders from clients looking to sell. The cumulative volume shows how much of the base currency can be bought or sold at certain or better price.

Clients can send orders only for certain instruments (trading pairs). For instance, it's not possible to place an order to "buy ETC, pay in ETH". Limiting the number of trading pairs allows Xena to concentrate liquidity and make the trading conditions better for all traders. As the trading volume grows, we will introduce new trading pairs and connect new cryptocurrencies.

How to send orders and make trades

There are three different ways to execute trades on your account:

  • Our powerful web-based trading terminal with rich charting and custom-trading signals is best suited for professional traders. Planned future upgrades include a desktop terminal with a strategy tester, synthetic instruments, and more. The user manual for the terminal is located
  • The investments page is a highly simple yet powerful way to see where market is going and to execute your trades with one click. Learn more about using the investments page
  • Market data, trading, and transfer APIs help automate your trading strategies.