Quick Snapshot
TimeX launched in July 2019 and was built by Chrono.tech in Sydney. It operates under an AUSTRAC license, allowing AUD deposits and withdrawals through its native AUDT stablecoin. The platform blends plasma technology for decentralized settlement with centralized order matching.
Core Offering
- Hybrid model: centralized execution with on-chain settlement
- Fiat gateway: AUD via AUDT, plus USD support
- Limited assets: about 4-6 crypto pairs such as XRP/USDT and LINK/USDT
- Non-custodial design where users hold their own wallets
Trading Volume and Liquidity
TimeX processes around 3-4 million USD in daily trading volume, with XRP/USDT dominating activity. Market depth is shallow, and the number of trading pairs stays under ten.
Fees and Mechanics
Maker fee is 0.25 percent, taker fee 0.50 percent, higher than many competitors. Users also pay Ethereum-style gas fees for blockchain settlement. KYC is mandatory, and withdrawal limits depend on verification tier.
Features and Ecosystem
The platform supports staking for the native TIME token with up to 4 percent annual returns. There is OTC trading, a referral program offering up to 80 percent of referee fees, and API access for algorithmic trading. However, there is no mobile app, only a web platform with TradingView charts.
Trust, Support and Reputation
User ratings are lukewarm. Trustpilot averages around 2.5 out of 5, with reports of slow withdrawals and unresponsive support. Independent assessments also score TimeX low, citing inconsistent feedback, low liquidity, and limited market activity.
Pros and Cons
- Strengths: Licensed in Australia by AUSTRAC; Fiat support through AUDT; Non-custodial design with on-chain settlement; Basic staking incentives via TIME token.
- Weaknesses: Very limited asset selection; Low liquidity and small daily volume; Higher fees than top-tier exchanges; No mobile app; Limited global regulation and mixed user trust.
Who It’s For
TimeX suits Australian users seeking a regulated fiat on-ramp into crypto and those interested in hybrid settlement models. It appeals to traders who value custody control but do not need high liquidity or a wide token selection. It is not recommended for high-volume traders or those seeking a broad market.
Final Thoughts
TimeX mixes centralized speed with decentralized settlement using plasma technology. Its licensing and fiat support add a level of trust, but low liquidity, higher fees, and limited assets keep it niche. A platform for those who value compliance and control over scale.