xx Network Community Feedback Report:
Exchange Prioritization Improving Liquidity, Accessibility, and Trading Experience
Listening to Our Community
The xx Foundation recently conducted a survey to understand community preferences regarding exchange accessibility, liquidity, and market-making for XX Coin and WXX Token. The results provided valuable insights into areas for improvement, helping us shape a strategic plan to enhance trading conditions.
Key Takeaways from the Community
Preferred Exchanges – MEXC was the top choice, which was not a surprise, with LBank also frequently mentioned. Many users expressed interest in Tier 1 exchanges like Kraken, KuCoin. Bybit, Bitget and others for future expansion.
Satisfaction with Current Exchanges – While some users are satisfied, many cited concerns about liquidity, trading pairs, and exchange accessibility, indicating room for improvement.
Exchange Prioritization – The community wants to see more liquidity on current exchanges while also advocating for expansion to larger, globally recognized platforms, particularly those offering BTC trading pairs.
Desired Features & Improvements – The top requests included more trading pairs (BTC, stable coins, and fiat on/off-ramps), increased liquidity, and expansion to well-established exchanges with strong reputations.
Market-Making & Liquidity Awareness – Liquidity is a top priority for traders, but some users are unfamiliar with how market-making strategies work—highlighting the need for educational resources. More to come on this.
Where Should Market-Making Efforts Be Focused? – The most common request was to improve liquidity on existing exchanges (especially MEXC) while gradually expanding to new trading venues.
Trading Experience Ratings – The average rating for liquidity and overall trading experience was lower than desired, with many participants emphasizing the need for tighter spreads, deeper order books, and a more seamless trading experience.
Will Users Trade More if Liquidity Improves? – Yes! A majority of respondents stated they would increase their trading activity if liquidity conditions improved. This seemed obvious but duly noted none the less.
xx Foundation’s Action Plan
Based on this feedback, the xx Foundation is committed to taking action in the following areas:
Liquidity Enhancement Strategies
Implementing stronger market-making strategies to improve liquidity.
Encouraging market participation with better incentives for traders.
Exchange Expansion
Engaging with larger exchanges that align with our long-term growth strategy. Increasing current volumes are a key factor in this goal.
Prioritizing exchanges that offer high liquidity, BTC trading pairs, and strong market credibility.
Community Education on Market-Making
Launching a campaign to explain liquidity, spreads, and market-making, ensuring users understand how these factors impact their trading experience.
Regular Communication & Updates
Ensuring continuous community feedback informs our decisions.
Keeping the community informed with updates on exchange progress and liquidity initiatives.
Moving Forward Together
The xx Network is built for and by its community, and your feedback helps to shape its future. xx Foundation is committed to enhancing trading conditions, expanding exchange accessibility, and creating a seamless trading experience for all users. Thank you for your continued support and engagement with us as we grow.
We appreciate your valuable input and look forward to sharing progress updates as we execute these improvements. Stay tuned for more developments, and thank you for being a part of the xx Network community!
– The xx Foundation Team