Introduction of XTP Token Locking Feature, UK

Tap Global Group Plc (AQSE: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, is pleased to announce the introduction of its XTP token locking feature for UK customers following a comprehensive regulatory review. This is further to the commercial agreement with Tap N Go that launched the XTP Cashback Programme, announced on 1 July 2024.

The feature allows customers to lock their XTP tokens for a 12-month period, demonstrating their long-term commitment to the Tap ecosystem while enhancing token stability through reduced circulating supply. Customers participating in the locking programme will receive various platform benefits, including:

Priority customer service access

Reduced trading fees on cryptocurrency transactions

Enhanced transaction limits

Preferential foreign currency transaction rates

Rewards on Tap Global Mastercard transactions

The introduction follows detailed regulatory analysis and legal review to ensure compliance with UK financial promotion regulations.

Arsen Torosian, CEO of Tap Global, commented:

“The relaunch of our locking feature represents another milestone in our commitment to providing innovative, compliant crypto services. This enhancement to our product suite allows customers to demonstrate their long-term commitment to the Tap ecosystem while enjoying enhanced platform benefits.

The UK is a very active crypto trading market and this feature makes our platform even more attractive as we look to win over more UK customers and make holding assets on the Tap platform a compelling proposition.”

The Directors of the Company accept responsibility for the contents of this announcement.

Tap Group’s operating subsidiaries

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