【Report】A Part of the Fund Assets were Reallocated (8/19)

Thank you for always using CROSS exchange. This is an announcement for XEX Holders.

We are pleased to announce that all of the following currencies have been exchanged for USDT with regards to the funds of approximately 20.2 million USD currently pooled in the Fund Sharing Assets.

＜Coins Exchanged: 9 Cryptocurrencies＞

＜Coin Information after Exchange＞

The following coins were exchanged for on CROSS exchange on 8/19 included ETH, ADA, EOS, NEO, LSK, LTC, ZEC, TRX, and REP for 1,614,444.17 USDT. (Approximately 1.61 million USD worth)

You can check the funds after the exchange on the updated website.

■ Fund Account’s Distribution Pool Funds

https://www.crossexchange.io/cross/report/fund

The exchanged coins will be subtracted in the “Account Balance Adjustment” column. This indicates that the coin has been exchanged for USDT.

＜Reason for the Fund Assets Coin Reallocation＞
・To operate the Fund Assets
Assets in the Fund Account will be used for XEX holders. Therefore, we will create a portfolio to increase assets, leaving only carefully selected name brands.

・For use in the XEX buyback and burning
Part of the funds will be used to buyback and burn XEX scheduled for August. XEX is currently only available for BTC or USDT purchases. Therefore, the funds have been converted to USDT as preparation for funds for the XEX buyback & burning.

The Fund Assets will be managed for XEX holders. In the future, we will continue to reallocate the XEX shared funds (Fund Assets) and optimize the benefits of XEX holders.

We look forward to you continued support.

CROSS exchange Team