Draft:Kyrrex
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Kyrrex Technologies Limited, or Kyrrex, is a global cryptocurrency ecosystem offering an integrated platform for accepting and making payments, cryptocurrency trading, and financial management — all in one place.
The company was founded in 2018 by Viktor Kochetov, who had previously made a name for himself at Unicorn Factory Ventures and Vireye Game Studios, where he played a key role in developing innovative technologies. Mike Romanenko, the co-founder of Kyrrex, also has a robust background in these companies, from which he got the strategic business development and strategic planning background to work in Kyrrex:[1]. At present, Mike Romanenko is now the Chief Visionary Officer (CVO) and is responsible for the company's strategy[2].
Services under the Kyrrex brand are provided by Kyrrex Limited and Real Exchange (REX) LTD. Kyrrex Limited, registered in Saint Vincent and the Grenadines, operates under the recognition and approval of the SVG Financial Services Authority, delivering secure and accessible cryptocurrency services to users around the world. Real Exchange (REX) LTD is a VFA Service Provider licensed under a Class 4 by the Malta Financial Services Authority (MFSA)[1].
Kyrrex offers flexible features, including trading, storage, and payments with different cryptocurrencies in one place. Kyrrex includes the BTC, LTC, USDC, ETH, AVAX, XRP, ADA, TON, NEAR, and SOL blockchain markets.
History
[edit]2018-2022: Founding the Company
[edit]A team of professionals with extensive backgrounds in cybersecurity, blockchain technology, and finance established Kyrrex in 2018. Viktor Kochetov and his team conceived Kyrrex as a comprehensive platform connecting the new digital asset market with conventional financial services. After starting as a spot trading platform, Kyrrex expanded its product line to include margin trading, payment solutions, and advanced trading tools[3].
2020-2022: Changes within the Company
[edit]Kevin Plumpton, a seasoned risk and compliance professional, was appointed Director and Chairman of Kyrrex’s Risk and Compliance Committee in 2020. His strategic oversight and deep knowledge of regulatory compliance significantly strengthened the company’s risk management framework. In 2022, Plumpton became Group CEO and led Kyrrex into a new phase of rapid growth and innovation[1].
2022-Present: Updates and Future Growth
[edit]Today, Kyrrex has evolved into a full-fledged cryptocurrency ecosystem, renowned for its dedication to innovation, user-centric design, and regulatory compliance. Its registration in Saint Vincent and the Grenadines and subsequent approval by the SVG Financial Services Authority demonstrate its commitment to operating within a transparent legal framework, distinguishing it from unregulated platforms in the sector[1].
In January 2022, Kyrrex obtained the Class 4 Virtual Financial Assets (VFA) Licence from the Malta Financial Services Authority (MFSA)[4].
In September 2022, the company launched its Referral Program[5].
Also in September 2022, Kyrrex introduced its Tournament Platform[5].
On 27 January 2023, Kyrrex established its UK branch – Kyrrex UK LTD[6].
In May 2024, Kyrrex announced the launch of its partner platform, Bidsbee[7].
In August 2024, Kyrrex introduced Crypto Loans on its platform[8].
On 14 August 2024, Solana (SOL) was added to the Kyrrex list of supported cryptocurrencies[9].
Currently, Kyrrex maintains an active blog that shares updates and upcoming features, informs clients about platform changes, and provides useful insights to support their crypto trading journey.
Platform Services and Features
[edit]Kyrrex is a platform with services and advanced technologies for trading, storing, and payment transactions within one crypto wallet:
- Flexible Websocket and HTTP APIs with automated crypto tradings
- Kyrrex application (Google Play Market and App Store) for buying, selling, and withdrawing crypto on the go
- KRRX Token, a native token created by Kyrrex. Includes up to 50% trading fees for holders and 50% commission via referrals[10]
- Affiliate Program with up to 50% commission rates and real-time tracking of the performance with analytics[11]
- Kyrrex Pay is a service integrated via API on company websites to receive and convert payments into the preferred currency. Its main markets include the gambling industry, payment service providers, and online stores. As of 2025, U.S. citizens are not permitted to use Kyrrex Pay. The service is designed strictly for businesses and companies only[12]
- Institutions, a one-stop shop for business clients with advanced trading technologies. Includes real-time data analysis and high-level security. The main interest lies in brokers, financial companies, and banks[13]
- The Referral Program allows clients to earn additional income by sharing their unique referral link and inviting new users to Kyrrex. Clients receive 10% of the trading fees generated by referred users. The maximum commission rate for users can reach up to 60%[5]
- Tournament Platform, a special event where users can register and compete for an additional profit[5]
- Crypto Loans is a product that allows users to borrow cryptocurrency using their existing crypto assets as collateral. Acceptable collateral options include KRRX, ETH, BTC, USDT, and LTC. Interest rates range from 1.25% to 7.5%, depending on the selected asset. This feature offers users a flexible borrowing option and the opportunity to leverage their existing crypto holdings for additional investments[14]
Kyrrex Token (KRRX)
[edit]KRRX, or Kyrrex Token, is a native utility token presented by Kyrrex in November 2021. The token provides a seamless way of interacting with different functions and services in the Kyrrex ecosystem. KRRX users get rewards and reduced fees by using the native token[15].
KRRX is Kyrrex’s first native token, built on the TRON blockchain. Users can trade it via Kyrrex’s native Telegram bot.
The latest trading price of KRRX is $0.044, with a 24-hour trading volume of $4.54 million. The total maximum supply is 500 million tokens[16].
KRRX is designed to facilitate transactions across the platform while offering users additional benefits. For example, users receive 20 KRRX tokens for each new user who installs the Kyrrex banking app via their referral link[15].
Regional Functionality and Localized Services
[edit]Kyrrex is a global crypto and fiat financial ecosystem that delivers digital services in compliance with regional regulations. The company is based in Malta and licensed by the Malta Financial Services Authority (MFSA) as a Class 4 Virtual Financial Assets (VFA) provider. Kyrrex is expanding its regulatory presence with applications for a MiCA Class 3 license and an Electronic Money Institution (EMI) license.
Kyrrex also operates in multiple U.S. states and is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB). Kyrrex Limited is registered in Saint Vincent and the Grenadines, while Real Exchange LTD is a licensed VFA Service Provider.
Thanks to its broad range of licenses and registrations, Kyrrex enables global transactions with various cryptocurrencies and offers additional features, including automated services.
Depending on the region, Kyrrex provides localized services such as multilingual support, region-specific fiat integrations, and institutional financial solutions. These services also include compliance with local regulations and adherence to specific laws and limitations within each jurisdiction[17].
Kyrrex currently operates in Europe, the UAE, and partially in the USA (10 states).
In November 2023, Kyrrex announced that its primary focus was on expanding within Europe[18].
As of 2025, the company has set a goal to enter the U.S. market in full compliance with local regulations and standards[19].
Accepted Currencies in Kyrrex
[edit]Kyrrex supports several cryptocurrencies acceptable for trading. The company states that the list is constantly expanding[20]
- Bitcoin (BTC)
- Litecoin (LTC)
- USD Coin (USDC)
- Ethereum (ETH)
- Avalanche (AVAX)
- Binance Coin (BNB)
- Near Protocol (NEAR)
- XRP (XRP)
- Solana (SOL)
- Bitcoin Cash (BCH)
- Kyrrex Token (KRRX)
Supported Currency Pairs
[edit]Kyrrex has set trading pairs acceptable for changing crypto currencies to collaterals:[20]
- LTC/BTC
- XRP/BTC
- ETH/BTC
- BCH/BTC
- BTC/USDT
- LTC/USDT
- USDC/USDT
- ETH/USDT
- AVAX/USDT
- BNB/USDT
- NEAR/USDT
- XRP/USDT
- SOL/USDT
- BCH/USDT
- KRRX/USDT
References
[edit]- ^ a b c d "About us". Kyrrex. Retrieved 2025-05-27.
- ^ "LinkedIn". LinkedIn. Retrieved 2025-05-27.
- ^ "FinTech | FinanceMalta". financemalta.org. Retrieved 2025-05-27.
- ^ "'It Is Never Too Late to Learn, Grow, and Inspire': Viktor Kochetov, CEO of Kyrrex | HackerNoon". hackernoon.com. Retrieved 2025-05-27.
- ^ a b c d "Referral Program And a Tournament Platform". kyrrex. Retrieved 2025-05-27.
- ^ "KYRREX UK LTD overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2025-05-27.
- ^ "Kyrrex's Partner Bidsbee Launching Its Services". kyrrex. Retrieved 2025-05-27.
- ^ "Kyrrex's Partner Bidsbee Launching Its Services". kyrrex. Retrieved 2025-05-27.
- ^ "Solana (SOL) Joins the Kyrrex Platform". kyrrex. Retrieved 2025-05-27.
- ^ "Kyrrex Token (KRRX) – Utility Token Powering Kyrrex Ecosystem". kyrrex. Retrieved 2025-05-27.
- ^ "Crypto Exchange Affiliate Program - Earn Up to 60% Commission". kyrrex. Retrieved 2025-05-27.
- ^ "Kyrrex Pay - Accept Crypto Payments with Ease". kyrrex. Retrieved 2025-05-27.
- ^ "Crypto platform for institutions". kyrrex. Retrieved 2025-05-27.
- ^ "Introducing Crypto Loans". kyrrex. Retrieved 2025-05-27.
- ^ a b "Kyrrex Token (KRRX) – Utility Token Powering Kyrrex Ecosystem". kyrrex. Retrieved 2025-05-27.
- ^ "Kyrrex price today, KRRX to USD live price, marketcap and chart". CoinMarketCap. Retrieved 2025-05-27.
- ^ "Kyrrex - Crunchbase Company Profile & Funding". Crunchbase. Retrieved 2025-05-27.
- ^ Tupikov, Kostiantyn (2023-11-20). "Kyrrex Crypto-Fiat Platform is Now Fully Functional in the EU". ITKeyMedia. Retrieved 2025-05-27.
- ^ PR, Crypto Reporter (2024-10-22). "Kyrrex Expands into the U.S. Market, Offering Crypto Solutions with Low Fees". Crypto Reporter. Retrieved 2025-05-27.
- ^ a b "Kyrrex | Regulated Crypto Exchange Built by Real Traders". kyrrex. Retrieved 2025-05-27.
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