Dear XTers,
XT Exchange has completed the technical maintenance for CrowdStrike xStock (CRWDX). CRWDX/USDT trading will open at 12:30 (UTC) on July 7, 2026.
During the maintenance period, XT also completed the system mapping adjustment for CRWDX in response to the stock split of the underlying asset, CrowdStrike Holdings, Inc. (CRWD). Details are as follows:
1. CRWD Stock Split
According to publicly available corporate action information, CrowdStrike Holdings, Inc. (CRWD) completed a 4-for-1 stock split. After the split, each CRWD share is adjusted to one-fourth of its pre-split price.
2. CRWDX Token Mapping Adjustment
To maintain consistency and continuity between the on-chain asset and its underlying stock reference, the total supply of CRWDX and users’ CRWDX holdings remain unchanged. Only the number of underlying CRWD shares referenced by each CRWDX token has been adjusted.
The adjustment is as follows:
- Before the split: 1 CRWDX ≈ 1 CRWD share
- After the split: 1 CRWDX ≈ 4 CRWD shares
Please note that the number of CRWDX tokens held by users remains unchanged. However, the number of CRWD shares referenced by each CRWDX token has been adjusted from 1 share to 4 shares.
Special Note on On-Chain Display
The on-chain uiAmount is a display-layer value used to reflect the reference quantity of the corresponding underlying asset. It may differ from the actual underlying token quantity displayed by the system. However, this does not affect:
- Users’ actual holdings
- Deposit, withdrawal, or transfer functions
- The total value of users’ assets
This display difference is only related to the system’s display logic adjustment. Users do not need to take any action.
3. Impact on Holdings and Asset Value
This adjustment does not affect the total value of users’ assets:
- Users’ CRWDX holdings remain unchanged.
- The theoretical net asset value (NAV) corresponding to each CRWDX remains unchanged.
- The system has automatically completed the reference mapping update.
4. Difference Between Futures and Spot Token Pricing
Due to differences in pricing mechanisms, there may be a price difference between CRWD perpetual futures and the CRWDX spot token:
- Perpetual futures price: Anchored to the real-time post-split market price of CRWD shares.
- Spot token price: Priced based on the CRWD 4-for-1 stock split ratio and the updated on-chain reference mapping.
As a result, certain price differences and volatility differences may occur in the short term.
5. Risk Reminder
As the underlying asset corresponding to CRWDX has completed a stock split adjustment, the market may experience sharp short-term price fluctuations due to information gaps or changes in liquidity. Please make sure you fully understand the relevant mechanism before trading, carefully assess the risks, and make prudent investment decisions.
Thank you for your support!
XT Team
July 7, 2026
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XT Exchange reserves the right, at its sole discretion, to modify, amend, or cancel this announcement at any time for any reason without prior notice.