The liquidity layer for the stablecoin era
Move money at the speed of information - intelligently routed, instantly settled - across every fiat and stablecoin pair.
annualized volume
settlement
capital lock-ups
Working with ecosystem leaders
Better price.
Unmatched depth.
Faster settlement.
Connect to the single operating layer that offers unified fiat and stablecoin liquidity.
Get best price and deep liquidity for fiat and stablecoin pairs with near-instant settlement, and no capital pre-positioning — capital moves only when the trade does.
Best in class execution
XFX gives institutions access to best-price outcomes, faster settlement, and deeper liquidity across key markets without adding operational overhead.
Guaranteed capital efficiency
Instead of prepositioning capital across multiple accounts, venues, and counterparties, institutions can deploy funds only when trades actually settle.
Operational simplicity
XFX sits in the middle of the capital flow, absorbing counterparty complexity, reducing operational friction, and making multi-venue trading easier to manage.
XFX has become an important partner in Felix's FX operations. They consistently deliver the execution quality, precision, and responsiveness needed to support competitive pricing, fast settlement, and institutional-grade operational performance in a critical part of our stack.
Mickael Rbibo
HEAD OF TRADING, FELIX PAGO
Money should move with the same speed as information.
Infrastructure for capital-efficient FX. Moving money at the speed of information.
System status · OperationaL
v 2026.5