Xago Expands Its Global Reach With AUSTRAC Registration And New Currency On/Off Ramps

Xago has announced a major step in its global expansion strategy

By Julius Ewudo, Cyber Era NG ASEAN Region Representative

Newly established Xago Australia Pty Ltd has officially secured AUSTRAC registration as a digital currency exchange (DCE), significantly strengthening Xago’s presence in the Asia-Pacific region and ensuring compliance with Australia’s financial intelligence and anti-money laundering regulations.

Furthering its mission to make cross-border payments faster, more affordable and more accessible, Xago has also launched new currency integrations and partnerships:

Xago is now live with NGN, introducing seamless on- and off-ramp capabilities for the Nigerian Naira (NGN), catering to one of Africa’s largest and most dynamic markets.

Xago has partnered with OpenPayd, streamlining its euro (EUR) services with improved SEPA and SWIFT facilities for both on- and off-ramping.

Xago has partnered with Metax, streamlining its United Arab Emirates Dirham (AED) services with improved payment facilities for both on- and off-ramping.

With these advancements, Xago now supports seven major currency-backed stablecoins:

USD, GBP, ZAR, NGN, EUR, AUD and AED.

“These developments reflect our ongoing commitment to empowering individuals and businesses with accessible, compliant and secure digital payment solutions,” says CEO of Xago Jurgen Kuhnel, . “Our AUSTRAC registration, along with the expansion of supported currencies, is a critical step in delivering real impact across borders, especially for emerging markets.”

Xago’s innovative platform continues to transform the way money moves globally, offering quick settlement, low fees and regulatory transparency across multiple jurisdictions.

Introducing new OTC rails

Xago is committed to delivering real impact across borders, with a strong focus on emerging markets. We’re excited to announce new partnerships across Africa and the UAE, expanding our on/off-ramp offerings to better serve our clients. Most recently, we’ve added the Nigerian Naira (NGN) and the United Arab Emirates Dirham (AED) to our growing list of supported currencies. These currencies are processed off-platform, with settlements managed through our trusted partners. Please note that special service charges apply for these trades.

Xago supported currencies

The interactive map below shows the ON-platform and OFF-platform currencies supported by Xago in each region.

Fees

–  XRP Trade: 0.25%

–  Currency Conversion ON-Platform Trade: 0.5%

–  OTC OFF-Platform Trade: 1%

– All Currency Conversions and OTC Trade quotes include fees and spreads

– Crypto prices and spreads are market related and not determined by Xago